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What will be difference between S.I and C.I on a sum of Rs. 4500 put for 2 years at 5% p.a.? |
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Answer» <P>Step-by-step EXPLANATION: s.i =PxRxT/100 4500 x 5 x 2 /100 450rs A= p(1+r/100)n 4500(1+5/100)2 4500x21/20x21/20 4961.25 c.i=A-P 4961.25-4500 461.25rs difference= 461.25-450 11.25 RS |
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