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find the difference between Compound interest and simple interest on ₹8000 in 2year's and at 5% per annum |
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Answer» ave, P=Rs.8000,T=2 years,R=5% We know that, SI= 100 P×R×T
or, SI= 100 8000×5×2
or, SI=Rs.800 We know that, A=CI+P=P(1+ 100 R
) T
or, CI+8000=8000(1+ 100 5
) 2
or, CI+8000=8000(1+ 20 1
) 2
or, CI+8000=8000( 20 21
) 2
or, CI+8000=8820 or, CI=Rs.820 Therefore, the required difference CI−SI=820−800 =Rs.20 |
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