Question

The difference between the C.I and S.I for 2 years for a principal of Rs. 5000 at
the rate of interest 8% p.a is
​

Answer 1

Answer

Principal = Rs 5000

Rate = 8%

Time = 2yrs

Difference between Compound Interest and Simple Interest

C.I - S.I = r²/100

= C.I - S.I = 5000 ( 8 × 100 )²

= 5000 × (8×100) × (8×100)

= Rs 32

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