Simple interest on rs 2000 at r percentage p.a for
one year is rs100, What will be the
coumpound interest compounded annually
On same principal rate and time?
Answers
Answered by
6
Answer:
Rs. 100
Step-by-step explanation:
Sum = Rs. 2000
Time = 1 year
Simple Interest = Rs. 100
Rate = ?
100 = 2000 × R × 1 ÷ 100
R = 100 × 100 ÷ 2000 = 5 % p.a.
Now, Amount on Compound Interest = 2000(1 + 5/100)^1 = 2000 × 105 ÷ 100 = Rs. 2100
Compound Interest = Rs. 2100 - 2000 = Rs. 100
Answered by
0
Answer:
Step-by-step explanation:
SI = 2000
R% = ?
Time = 1 Year
So, 100 = 2000 × 1 × R ÷ 100
R = 2000 ÷ 100 × 100
R = 5%
2000[1+5÷100]¹ = 2100
CI - SI = 2100 - 2000
= 100
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