Question

The interest earned by a man on rs 900 at 8%per annum for 2 years

Answer 1

Answer:

Simple interest=

100

16000×8×2

=2560Rs

Compound interest=16000(1+

100

8

)

2

−16000=16000(

25

27

)

2

−16000=

625

16000×729

−16000=18662.40−16000=2662.40Rs

Diff of intt.=2662.40-2560=102.40 Rs

Answer 2

Answer:

Principal - 900 rs

Rate - 8

Time - 2 yrs

$interest \: = \frac{p \times r \times t}{100}$

Interst =

$\frac{900 \times 8 \times 2}{100}$

Answer is : Rs 144

Hope it helps you.

Have a great day!!!