by what percent less is the simple interest on rs 4500 for 8 years at

1.	by what percent less is the simple interest on rs 4500 for 8 years at 8% per annum than the early compound interest on rs4000 for 3 years at 10% per annum.
Answer» Step-by-step explanation: for 8 years simple interest = (45000.08)8 = 2880₹ compound interest 1st year = (40000.1) =400 total = 4400 2nd year ci = (44000.1)=440 total = 4840 3rd year ci = (4840*0.1)=484 total 3 years ci = 400 + 440 + 484 = 1324₹ difference between ci & si = 2880 - 1324 = 1556₹

by what percent less is the simple interest on rs 4500 for 8 years at 8% per annum than the early compound interest on rs4000 for 3 years at 10% per annum.

Answer»

Step-by-step explanation:

for 8 years simple interest = (4500*0.08)*8 = 2880₹

compound interest 1st year = (4000*0.1) =400

total = 4400

2nd year ci = (4400*0.1)=440

total = 4840

3rd year ci = (4840*0.1)=484

total 3 years ci = 400 + 440 + 484

= 1324₹

difference between ci & si = 2880 - 1324 = 1556₹

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by what percent less is the simple interest on rs 4500 for 8 years at 8% per annum than the early compound interest on rs4000 for 3 years at 10% per annum.​

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by what percent less is the simple interest on rs 4500 for 8 years at 8% per annum than the early compound interest on rs4000 for 3 years at 10% per annum.