Question

Q. 4. Find the difference between simple
interest and compound interest of Rs. 1,260
at 5% per annum for 2 years.​

Answer 1

Answer:

Rupees 3.15

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Answer 2

S.I=PRT=1260*5%*2=126

A=P(1+i)^n=1260(1+5%)^2=1389.15

C.I=A-P=1389.15-1260=129.15

difference=C.I-S.I=129.15-126=3.15