1.

Find the difference between simple interest and compound interest on RS.4800 for 2years at 5% per annum, compound interest being reckoned annually.

Answer»

_______✨ HEY MATE ✨_______

============
SOLUTION :-
============

SI = P*R*T/100
SI = 4800*2*5/100 = ₹480

Now , A = P(1+R/100)N
A = 4800(1+5/100)2
A = 4800*105/100*105/100
A = ₹5292
CI = A - P
CI = ₹5292 - ₹4800
CI = ₹492

Difference between Compound Interest and Simple Interest after 2 YEARS = 492 - 480 = ₹12 ( Answer )

✌️I THINK IT HELPED YOU ✌️



Discussion

No Comment Found

Related InterviewSolutions