The difference between the s.I and
c.I on 2400 for 2 years at 5 % p.A. Is
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5
Answer:
C.I=P(1+r/100)^n-P
=2400(1+5/100)^2- 2400
=2400×21/20×21/20-2400
=6×21×21-2400
=2646-2400
=246
S.I=P×R×T/100
=2400×5×2/100
=24×10
=240
Difference =246-240
=6
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