Question

What is the difference between the compound interest and simple interest on Rs 8000 at 15% per annum for 2 years?

Answer 1

Step-by-step explanation:

C.I.

A=p[1+r/100]2

  = 8000[1+15/100]2

  = 8000[100+15/100]2

  = 8000[115/100]2

  = 8000* 115/100* 115/100

  = 10580

I = A - P

  = 10580 - 8000

  = 2580

S.I.

S.I. = P*R*T/100

      = 8000 * 15 * 2/100

      = 2400

 Difference = C.I. - S.I.

                    = 2580 - 2400

                    = 180

Answer 2

the answer is 180 hope it is helpful