The difference between the simple interest and the compound interest on RS.5000 for 2 years at 6%per annum, is
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Si = P x R x T/100
P= 5000
R= 6%
T= 2 years
5000 x 6 x 2 /100
= 50 x 6 x 2 = 600
SI = Rs 600
CI = A = P ( 1 + R/100 ) ^T
= 5000 ( 1 + 6/100 )^2
= 5000 ( 50/50 + 3/50 ) ^2
= 5000 x 53/50 x 53/50
= 2 x 53 x 53 = 5618
CI = 5618
CI - SI = 5618 - 600 = 5018
= Rs. 5018
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