Question

Question 31
+ 1
o
What will be the difference between simple
interest and compound interest @ 18% per
annum on a sum of Rs. 13,500 after 3 years?
0 1000
0 1200.5
1300.9​

Answer 1

Answer:

Principal=1000 Rs.

Time=4 years

Rate of interes=10%

Then Simple interest =

100

1000×10×4

=400Rs.

Compound interest = Amount − Principal

Amount =1000(1+

100

10

)

4

⇒1000×

100

110

×

100

110

×

100

110

×

100

110

×

⇒1464.10Rs.

C.I.=1464.10−4000=464.10Rs.

Difference between C.I and S.I.=464.10−400=64.10Rs.