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find the difference between the simple interest and compound interest on Rupees 625 for 2 years at the rate of 4% per annum |
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Answer» Answer: PRINCIPAL = 625 Principal = 625 Time = 2 years Time = 2 years Rate = 4% Rate = 4% Therefore: Therefore: SI = (P * R * T)/100 A = P* (1 + R/100)^ T => (625 * 4 * 2)/100 => 625* (1 + 4/100)^ 2 => RUPEES 50 => 625 * 104/100 * 104/100 => Rupees 676 CI = 676 - 625 = Rupees 51 Difference = CI - SI 51 - 50 Rupees 1 (Answer) ............................................................................................................................................... Thank You < 3 |
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