The difference between the simple interest and the compound interest of Rs. 100 in 1 year at the rate of 10% p.a. is Re 1.
True or False.
Answers
Answered by
5
Answer:
t....................
Answered by
1
Answer:
FALSE
Step-by-step explanation:
Principle (P) = ₹ 100
Rate of interest (R) = 10%
Time (T) = 1 year
Simple interest ( S.I ) = PRT/100
= ( 100×1×10 ) / 100
= 10
Compound interest ( C.I ) = P(100 + R / 100)T – P
= { 100 * (100 + 10 / 100 )1 } – 100
= 110 – 100
= ₹ 10
Difference between S.I and C.I = 10-10
= 0
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