On what sum of money does the difference between compound and simple interest for 2 years at 10% pa amounts to Rs 631? (2024)

On what sum of money does the difference between compound and simple interest for 2 years at 10% pa amounts to Rs 631?

2x=631 or x=631/. 01=63100 Rs. is the sum.

How to find difference between simple interest and compound interest for 2 years?

On what sum of money will the difference between simple interest and compound interest for 2 years at 4 per annum be equal to ₹ 20?

Hence, the answer is Rs. 12500. The difference between simple interest and compound interest on a certain sum of money for 2 years at 4% per annum is Rs 20.

On what sum of money will the difference between simple interest and compound interest for 2 years at 5 per annum be equal to 25?

The difference between simple interest and compound interest on a sum of money for 2 years at 5% is Rs. 25. The sum is - Rs.8,000.

What is the difference between compound interest and simple interest on a sum for 2 years at 10 per annum?

(344.81−320)=Rs. 24.81. The difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs. 500.

How do you calculate compound interest for 2 years?

How do you calculate compound interest after 2 years?

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial principal or amount of the loan is then subtracted from the resulting value.

On what sum of money will the difference between simple interest and compound interest for 2 years at 5 per annum be equal to rs 50?

=>P=Rs20,000.

What is the difference between simple and compound interest on a sum for 2 years at 8?

The difference between simple interest and compound interest on a sum for 2 years at 8% per annum is Rs. 160. If the interests were compounded half-yearly, the difference in interests in two years will be nearly.

On what sum of money does the difference between simple interest and compound interest in 2 years at 5 per annum is rupees 15?

Hence, the sum is Rs. 6000.

What is the difference between compound and simple interest on a sum?

What is the main difference between simple interest and compound interest? Simple interest is computed on the principal amount or loan amount whereas compound interest is computed based on the principal amount as well as the interest accumulated for a certain period or previous period.

What is the difference between simple and compound interest on a sum of money at 20 per annum?

So if you invest for 2 years at 20% simple annual interest, the value of the investment will increase by 40%. If instead we compound 20% interest annually, then we multiply the value of the investment by 1.2 each year, so we multiply by (1.2)^2 = 1.44 over two years.

What is the difference between simple and compound interest on a certain sum of money for 2 years at 15?

∴ P=Rs. 6400. The difference in S.I. and C.I. on a certain sum of money in 2 years at 15% p.a. is Rs. 144.

What is the difference between the compound interest and the simple interest on a certain sum for 2 years at 6?

The difference between the compound interest and the simple interest on a certain sum for 2 years at 6% per annum is Rs 90.

What is the difference between simple and compound interest on a certain sum for 3 years at 5?

The correct Answer is:Rs.

Step by step video, text & image solution for The difference between compound interest and simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 122.

What is the difference between compound interest and simple interest on a sum for 3 years when rate of interest is 10?

The difference between compound interest at 10% per annum and simple interest at 8% per annum on a certain sum for 3 years is Rs 910. Find the sum. The difference between the compound interest and the simple interest on certain sum at 10% per annum for three years is Rs. 93.

On what sum of money will compound interest for 2 years at 5%?

100×4×16441=Rs. 1600.

What is the formula for simple interest and compound interest?

simple interest formula is PRT. compound interest formula is P(1 + R)^T - P.

How much will 10000 amount in 2 years at compound interest?

Calculate Rate using Rate Percent = n[ ( (A/P)^(1/nt) ) - 1] * 100. In this example we start with a principal of 10,000 with interest of 500 giving us an accrued amount of 10,500 over 2 years compounded monthly (12 times per year).

How much will 12000 amount to in 2 years at compound interest?

12000 in two years is Rs. 1996.80.

What is the compound interest of 1000 for 2 years?

So, the compound interest on Rs. 1000 for two years at 2% per annum is Rs. 40.4.

What is the compound interest on 2500 for 2 years?

2704. Therefore, the compound interest on Rs. 2500 for 2 years at a rate of interest of 4% per annum is Rs. 204.

On what sum of money will the difference between the compound interest and simple interest for 3 years become 930 at 10 per annum?

The correct Answer is:30000. Step by step video, text & image solution for On what sum of money will the difference between the compound interest and simple interest for 3 years be equal to Rs 930, if the rate of interest charged for both is 10% p.a ?

What is the difference between the compound interest and simple interest for a period of 2 years at the rate of 12% pa is 90?

The difference in the simple interest and compound interest for two years is on account of the interest paid on the first year's interest Hence 12% of simple interest = 90 => simple interest =90/0.12 =750. As the simple interest for a year = 750 @ 12% p.a., the principal =750/0.12 = Rs. 6250.

On what sum of money will the difference between SI and CI for 2 years at 5% per annum be equal to 25 * 8000 9000 10000 11000?

∴ The sum of money is Rs.

8000.