Example: 24Find the difference in C.I and S.I for(i) P=25000, r = 4% p – InterviewSolution

1.

Example: 24Find the difference in C.I and S.I for(i) P=25000, r = 4% p.a, n = 2 years.(ii) P = 28000, r = 5% p.a, n = 3 years.

Answer»

sI=p×R×T/1005000×4×2/10040000/100=400

SI=principal×rate×time/100:: 8000×5×3/100

the correct answer is 400

5000*4*2/100=4008000*5*3/100=1200

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