Question

The difference between the C.I and S.L on Rs. SOO at the rate of 10% per annum
for 1 year :
b) Rs. 20
c)
Rs. 10
Rs. 50
d)​

Answer 1

Answer:

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Answer 2

Difference = 0

Step-by-step explanation:

Given:

• Principal is rs 500.
• Rate is 10% per annum.
• Time is 1 year.

To Find:

• Difference between S.I and C.I

Solution: Here we have

• P = Rs 500
• R = 10%
• T = 1 year

As we know that

S.I = (P × R × T/100)

$\implies{\rm }$ S.I = (500 × 10 × 1/100)

$\implies{\rm }$ S.I = 5000/100

$\implies{\rm }$ S.I = Rs 50

Now, let's find the Compound Interest , first we have to find the total amount by using formula

Amount = Principal (1 + Rate/100)ⁿ

$\implies{\rm }$ A = 500(1 + 10/100)¹

$\implies{\rm }$ A = 500(110/100)

$\implies{\rm }$ A = 55000/100

$\implies{\rm }$ A = 550

Now by using

Amount = Principal + C.I

➟ 550 = 500 + C.I

➟ 550 – 500 = C.I

➟ Rs 50 = C.I

Therefore difference between S.I and C.I will be

• C.I – S.I

• 50 – 50 = 0

Hence, the difference between both will be Rs 0.