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Answers
Answer:
Answer 6
1st year
Principal, P=Rs.5000
Time, T=1 year
Rate of interest ,R=6%
∴simple Interest,
5000×10×6
100
=Rs.300
∴Amount=P+SI=Rs.5300
2nd year
Principal = Amount of 1st year=Rs.5300
Rate of interest =8%
Time =1 year
∴ Interest =
5000×1×8
100
=Rs.424
∴ Amount =Rs.(5300+424)=Rs.5724
The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724
Answer 7
Principal (P) = Rs 20000
Rate (R) = 8% p.a.
Period (T) = 2 years
Hence,
Simple interest (S.I.) = PRT / 100
= Rs (20000 × 8 × 2) / 100
We get,
= Rs 3200
Now,
Amount on compound interest
A = P {1 + (R / 100)}n
= RS 20000 {1 + (8 / 100)}2
On further calculation,
We get,
= Rs 20000 × (27 / 25) × (27 / 25)
= Rs 32 × 729
= Rs 23328
Therefore,
Compound interest = Final amount – (original) Principal
= Rs 23328 – Rs 20000
We get,
= Rs 3328
Hence,
Difference in compound interest – simple interest
= Rs 3328 – Rs 3200
= Rs 128
Step-by-step explanation:
Your dp is so true .
Answer:
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