Question

what is the different between simple intrest and compound intrest on rs 2500 at the rate of 6% and time 2 years ?​

Answer 1

Answer:

Rs. 9

Step-by-step explanation:

Given :

P = Rs. 2500

R = 6%

N = 2

CI = P(1+R/100)^2 - P

CI = 2500(1+6/100)^2 - 2500

CI = 2500(106*106/100*100 - 1)

CI = 2500 * 1236 / 10000

CI = Rs. 309

SI = P * T * R / 100

SI = 2500 * 2 * 6 / 100

SI = Rs. 300

Difference between SI and CI = Rs. 9

Hence, the difference between simple intrest and compound interest on Rs. 2500 at the rate of 6% and time 2 years is Rs. 9.