Question

the difference between Si and CI for 2 years for a principal of rupees 5000 at the rate of interest 8% per annum is​

Answer 1

Answer:

SI = (PxRxT)/100

SI = (5000 x 8 x 2)/100

SI = 800

CI = P[1 + R/100]^n -P

CI = 5000(1 + 8/100)² -5000

CI = 5000 x 729/625 -5000

CI = 8 x 729 -5000

CI = 5832 -5000

CI = 832

CI - SI = 832 - 800

CI - SI = 32

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