Question

To find the difference between Simple Interest and Compound Interest on 10000 for 2
years at the rate of 5% p.a.

Step 1. The Simple Interest (S.1) will be

Step 2. The amount (A) will be when Interest is compounded annually

Step 3. The Compound Interest (C.I) will be

Step 4. Difference between C.I. and S.I. will be

(A) S.L. = 1025: A = 11000: C.1. = 1050: Difference = 325

(B) S.L=1000: A = 11025: C.1. = 1100: Difference = 100

(C) S.L. = 1000; A= 11025: C.I.=1025; Difference = 325

(D)S.L. = 1000: A = 11025: C.I.=1025; Difference = 2125​

Answer 1

Answer:

How do you calculate interest rate when CI and SI are given?

If the difference between compound and simple interest is of three years than, Difference = 3 x P(R)²/(100)² + P (R/100)³.

Answer 2

Step-by-step explanation:

I have answers but given after sometime. I'm sorry for inconvenience !!