2) Find out the difference between the compound interest and simpleint

1.	2) Find out the difference between the compound interest and simpleinterest for Rs. 7500 at the rate of 8% per annum for one year,Note that Compound interest is calculated every 6 months.
Answer» ANSWER: P = Rs. 7500, R = 8% p. a., N = 2 YEARS COMPOUND INTEREST = P(1 + R)n - P = P[(1 + R)n - 1] = 7500 (1.082 - 1) = Rs. 1248.

2) Find out the difference between the compound interest and simpleinterest for Rs. 7500 at the rate of 8% per annum for one year,Note that Compound interest is calculated every 6 months.

Answer»

P = Rs. 7500, R = 8% p. a., N = 2 YEARS COMPOUND INTEREST = P(1 + R)n - P = P[(1 + R)n - 1] = 7500 (1.082 - 1) = Rs. 1248.

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2) Find out the difference between the compound interest and simpleinterest for Rs. 7500 at the rate of 8% per annum for one year,Note that Compound interest is calculated every 6 months.​

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2) Find out the difference between the compound interest and simpleinterest for Rs. 7500 at the rate of 8% per annum for one year,Note that Compound interest is calculated every 6 months.