Here P = Rs 5000 · r = 8 % t = 2years Show
For simple interest: S.I. = `("P" xx "r" xx "t")/100` S.I. = Rs `(5000 xx 8 xx 2)/100` S.I. = Rs 800 For compound interest: `"A" = "P" (1 + "r"/100)^"n"` A = Rs 5000 `(1 + 8/100)^2` A = Rs `5000 xx 108/100 xx 108/100` A= Rs 5,832 C.l. = A - P C.l. = Rs (5832 -5,000) C.l. = Rs 832 = Rs (832 - 800) = Rs 32. What is the difference between the simple interest and the compound interest on 5000 for 2 years at 6% per annum?The difference between simple and compound interest is 618 – 600 = RS. 18. Note: The answer we get from the compound interest formula is the amount and not the compound interest.
What will be the compound interest on 5000 in 2 years?4,600 in 2 years when the rates of interest of successive years are 10% and 12% respectively.
What is the formula for difference between compound interest and simple interest for 2 years?Difference = 3 x P(R)²/(100)² + P (R/100)³.
What is the difference between simple interest and compound interest for a period of 2 years at the rate of 10% per annum on a sum of 60000?The difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs. 500.
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Find the difference between the simple interest and compound interest on 5000 for 2 years
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