Question

The difference between Compound interest and Simple interest
on a sum of RS 4000for 2 years at 10% find interest
​

Answer 1

For ,

N = 2years

R = 10 %

P = Rs 4,000

We have S.I.= PNR / 100

= 4000 × 2 × 10 / 100

= 800 .

Interest being compounded for 2 years and

R = 10 % ,

Amount = p ( 1 + R / 100 ) N

= 4000 ( 1 + 10 / 100 ) 2

= 4000 × 1.1 × 1.1

= 4840 .

So, C.I. = A − P

=4,840 − 4,000

= 840.

And required difference C.I. − S.I

= 840 − 800

= Rs 40.

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@ ANUSHA ❤✌