Question

what is the difference between simple interest and compound interest on sum of rs 1000 at 10% for two years​

Answer 1

Answer:

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Step-by-step explanation:

Principal=1000 Rs.

Time=4 years

Rate of interes=10%

Then Simpleinterest=

100

1000×10×4 =400Rs.

Compoundinterest=Amount−Principal

Amount=1000(1+ 10010 ) 4

⇒1000×

100110 × 100110 × 100110 × 100110 ×

⇒1464.10Rs.

C.I.=1464.10−4000=464.10Rs.

Difference between C.I and S.I.=464.10−400=64.10Rs.