Question

Please answer this question… .​

Answer 1

Answer:

simple intrest = prt/2

simple intrest = 500×2×5/2

simple intrest = 2,500

amount =P(1+r/100)n

amount = 500(1+5/100)²

amount = 500(105/100)²

amount =500×1.005

amount = 502.5

compound interest = amount- principle

compound interest = 525- 500

compound interest = 25

simple intrest - compound interest

2,500- 25

2475

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