What will be the difference of compound and simple intrest calculated for same principal for 1 year and 10% per annum
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Answered by
0
Answer:
Step-by-step explanation:
let 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
Answered by
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Answer:Principal=1000 Rs.
Time=4 years
Rate of interes=10%
Then Simpleinterest=
100
1000×10×4
=400Rs.
Compoundinterest=Amount−Principal
Amount=1000(1+
100
10
)
4
⇒1000×
100
110
×
100
110
×
100
110
×
100
110
×
⇒1464.10Rs.
C.I.=1464.10−4000=464.10Rs.
Difference between C.I and S.I.=464.10−400=64.10Rs.
Step-by-step explanation:
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