Question

what will be
the difference between
Simple
and
Compound
interest at 10%per annum on
a
Sam of
ps. 1000
after 4 years,​

Answer 1

Answer:

Principal sum = ₹1000, interest rate = 10%p.a. , time= 4yrs. Simple interest= P.R.T/100 = 1000×10×4/100 = 400. Compound interest= P{1+ R/100}™ - P =1000{1+10/1000}^4-1000 = 1464.1 - 1000 = 464.1 Thus difference in interests= 464.1 - 400 = ₹64.1.

Answer 2

Answer:

Principal sum = ₹1000, interest rate = 10%p.a. , time= 4yrs. Simple interest= P.R.T/100 = 1000×10×4/100 = 400. Compound interest= P{1+ R/100}™ - P =1000{1+10/1000}^4-1000 = 1464.1 - 1000 = 464.1 Thus difference in interests= 464.1 - 400 = ₹64.1.

$<marquee> <font color ="green"><h1>✌️♥️ Hope it's helps u ♥️✌️</marquee>$