Question

What will be difference between S.I and C.I on a sum of Rs. 4500 put for 2 years at 5% p.a.?

Answer 1

Step-by-step explanation:

s.i =PxRxT/100

4500 x 5 x 2 /100

450rs

A= p(1+r/100)n

4500(1+5/100)2

4500x21/20x21/20

4961.25

c.i=A-P

4961.25-4500

461.25rs

difference= 461.25-450

11.25 rs