shankar takes a loan of $10000 at a compound interest rate of 10 percent per annum (p.a
1. find the compound interest a
after one year.
2.find the compound interest for 2 year.
3.find the sum of money required to clean the debt at the end of 2 year.
4. find the difference between the compound interest the simple interest at the frame rate for 2 year.
Answers
Answered by
151
⚡Hey mate⚡
✨Here is your answer✨
Shankar take a loan = 10000
Interest rate = 10 %
Q1 - :
Compound interest after one year
interest = price × rate ÷ 100
Interest = 10000 × 10 ÷ 100
interest = 1000
Price After intrest = 10000 + 100
Price after intrest = 11000
1st year intrest is 1000 rupees.
Q2 - :
Compound interest after 2nd year
Price = 11000
Rate = 10 %
Interest = price × rate ÷ 100
Interest = 11000 × 10 ÷ 100
Interest = 1100
Q3 - :
Sum of money required to clean the debt at the end of 2nd year.
Lone price + 1st year intrest + 2nd year intrest
10000 + 1000 + 1100 = 12100
Price is 12100.
Q4 - :
Deference between compound interest and simple interest
Tote Compound interest = 1st year intrest + 2nd year intrest
Total Compound interest = 1000 + 1100
Total compound interest = 2100
Now we calculate simple interest
Price = 10000
Rate = 10 %
Time = 2 years
Simple interest = price × rate × time ÷ 100
Simple interest = 10000 × 10 × 2 ÷ 100
Simple interest = 100000 × 2 ÷ 100
Simple interest = 200000 ÷ 100
Simple interest = 2000
Difference between simple interest and compound interest is
Difference = compound interest - simple interest
Difference = 2100 - 2000
Difference = 100
100 rupees difference between the compound interest and the simple interest.
I hope it's helpful for you. Thank you ❤️❤️
✨Here is your answer✨
Shankar take a loan = 10000
Interest rate = 10 %
Q1 - :
Compound interest after one year
interest = price × rate ÷ 100
Interest = 10000 × 10 ÷ 100
interest = 1000
Price After intrest = 10000 + 100
Price after intrest = 11000
1st year intrest is 1000 rupees.
Q2 - :
Compound interest after 2nd year
Price = 11000
Rate = 10 %
Interest = price × rate ÷ 100
Interest = 11000 × 10 ÷ 100
Interest = 1100
Q3 - :
Sum of money required to clean the debt at the end of 2nd year.
Lone price + 1st year intrest + 2nd year intrest
10000 + 1000 + 1100 = 12100
Price is 12100.
Q4 - :
Deference between compound interest and simple interest
Tote Compound interest = 1st year intrest + 2nd year intrest
Total Compound interest = 1000 + 1100
Total compound interest = 2100
Now we calculate simple interest
Price = 10000
Rate = 10 %
Time = 2 years
Simple interest = price × rate × time ÷ 100
Simple interest = 10000 × 10 × 2 ÷ 100
Simple interest = 100000 × 2 ÷ 100
Simple interest = 200000 ÷ 100
Simple interest = 2000
Difference between simple interest and compound interest is
Difference = compound interest - simple interest
Difference = 2100 - 2000
Difference = 100
100 rupees difference between the compound interest and the simple interest.
I hope it's helpful for you. Thank you ❤️❤️
varunsharma3711:
I think answer is 676
am I right??
write karke de do
to answer nikal rahi hai 1 answer 676 2nd answers 51 ok
fast answer please
OK ok wait to karo yrrr
ok ok
principal 1000 rate of interest 10% per annum time 3
thanks for your answer
welcome
Answered by
14
Answer:
Step-by-step explanation:
1. Compound interest after one year = 10000 * 10/100
= 1000
2. Compound interest for 2 years = 11000 * 10/100
= 1100
3. Sum of money required to clean the debt = 11000 + 1100
= 12100 rs
Hope this helps!
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