Question

the difference in simple and compound interest for rs 2000 at 10% per annum in 2years ,compounded annually is​

Answer 1

thats its answer i hope its help you

Answer 2

$\huge\sf\pink{Answer}$

☞ Compound Interest = 420

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$\huge\sf\blue{Given}$

✭ Principal (p) = Rs. 2000

✭ Timel (t) = 2 years

✭ Rate (r) = 10%

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$\huge\sf\gray{To \:Find}$

◈ Compound interest?

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$\huge\sf\purple{Steps}$

Amount is given by,

$\sf{ A = P \Bigg( 1 + \dfrac{r}{100}\Bigg)^n}$

On putting the given values in the formula, we get

$\sf{\dashrightarrow A = 2000 \Bigg( 1 + \dfrac{10}{100}\Bigg)^2 }$

$\sf{\dashrightarrow A = 2000 \Bigg( \dfrac{100 + 10}{100}\Bigg)^2 }$

$\sf{\dashrightarrow A = 2000 \Bigg( \dfrac{110}{100}\Bigg)^2}$

$\sf{\dashrightarrow A = 2000 \times \dfrac{12100}{10000} }$

$\sf{\dashrightarrow A = \dfrac{24200000}{10000} }$

$\sf{\green{\dashrightarrow A = Rs. \: 2420 }}$

Compound Interest is given by,

$\sf{ C.I = Amount - Principal}$

$\underline{\textsf{According to question}}$

$\sf{\leadsto C.I. = 2420 - 2000 }$

$\sf{\orange{ \leadsto C.I = Rs. \: 420}}$

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