हिंदी

Calculate the Difference Between the Simple Interest and the Compound Interest on Rs. 4,000 in 2 Years at 8% per Annum Compounded Yearly.

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प्रश्न

Calculate the difference between the simple interest and the compound interest on Rs. 4,000 in 2 years at 8% per annum compounded yearly.

योग
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उत्तर

For 1st year
P = Rs. 4000
R = 8
T = 1 year

I = `[4000 xx 8 xx 1 ]/100` = 320

A = 4000 + 320 = Rs. 4320

For 2nd year
P = Rs. 4320
R = 8%
T = 1 year

I = `[ 4320 xx 8 xx 1]/100` = Rs. 345.60

A = 4320 + 345.60 = 4665.60

Compound interest = Rs. 4665.60 - Rs. 4000 = Rs. 665.60

Simple interest for 2 years = `[ 4000 xx 8 xx 2 ]/100` = Rs. 640

Difference of CI and SI = 665.60 - 640 = Rs 25.60.

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Compound Interest (Without using formula) - Exercise 2 (B) [पृष्ठ ३३]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 2 Compound Interest (Without using formula)
Exercise 2 (B) | Q 1 | पृष्ठ ३३

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