Question

The difference between the simple interest and the compound intrest
on Rs. 15000 for 5 years at 10% per annun will be​?



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Answer 1

Answer:

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Explanation:

Principal for the first year = Rs. 15000

Interest for the first year =

Rs {15000 ×5 {/100} = Rs. 750

[We are using the formula

S.I.={P×R×T /{100} ]

\therefore amount at the end of first year = Rs 15000 + Rs. 750 = Rs. 15,750

Interest for the second year =

{15750 × 5 /{100} = Rs. 787.5

Principal of the second year was Rs. 10500 and so amount at the end of the second year = Rs. 15750 + Rs. 787.5 = Rs. 16,537.5

So, Compound interest= Rs. (16537.5-15000) = Rs. 1,537.5

Note: The C.I. can also be found by adding the interest for each year.

Answer 2

Answer:

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