Question

what is the difference between the simple and compound interest on RS 7300at the rate of 6 percent per annum in 2 years​

Answer 1

To Find:-

Difference between Simple Interest and compound Interest

Given:-

Principal = Rs. 7300

Rate = 6%

Time = 2 years

$S.I. = \dfrac{P \times R \times T}{100}$

$S.I. = \dfrac{7300\times 6\times 2}{100}$

$= 73 \times 6 \times 2$

$= 876$

Now,

$A = {P(1 + R)}^{t}$

$7300= {P(1 + 0.06)}^{2}$

$A=8202.28$

A . T . Q

$Compound \: Interest = 8202.28 - 7300=902.28</p><p>$

$Difference \: Between \: C.I. \: and \: S.I. = 902.28-876=26.28$

$\underline\bold{Required \: Answer}$

The the difference between the simple interest and compound interest on Rs.7300 at the rate of 6% per annum in 2 years is Rs. 26.28

Answer 2

Answer:

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