What is the difference between simple and compound interest on a sum of money for 2 years at 10%?
In the case of simple interest, we get the same interest every year. We receive 20% interest after two years at a rate of 10%. In contrast, compound interest has the following formula: Amount = P(1+R/100)T A = 100(1+10/100)2 = 121 percent. CI = A — P = 21%.
What is the difference between simple and compound interest on a sum of money for 2 years at 5?
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 simple interest 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.
What is the difference between compound interest and simple interest on a sum of two years at 20% per annum?
Simple interest for 2 years on Rs 100 at 20% pa = 100 × (20/100)× 2 = Rs 40. A = P [1 + (20/100)]² = 100(1.2)² = 100 × 1.44 = Rs 144. Difference between CI and SI = Rs 44 — Rs 40 = Rs 4. If difference of CI and SI is Rs 48 then Principal = Rs (100/4) × 48 = Rs 1200.
What is the difference between simple interest and compound 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 interest and compound interest on a certain sum 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 simple interest on a certain sum of money for 2 years and 3 years at 10%?
the difference between simple interest on sum of for 3 years and 2 years at 10% per annum is Rs 300.
What is the difference between simple interest and compound interest on the same 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.
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 interest and compound interest on a sum for 3 years at 5%?
The difference between simple and compound interest on a sum for 3 years at 5% p.a. is Rs. 76.30. Find the sum. The difference between the simple interest and compound interest for a certain sum of money for 3 years at 5% p.a. is Rs61.
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 simple interest on a sum of money for 5 years and for 3 years at 5% per annum?
The formula for simple interest is \( \text{Simple Interest} = \frac{P \cdot R \cdot T}{100} \), where P is the principal, R is the rate of interest, and T is the time in years. The difference in simple interest for 5 years and 3 years at 5% per annum is given as 600 Rs.
What is the difference between the compound interest and simple interest on a certain sum of money at 20 3?
The difference between the compound interest and simple interest on a certain sum of money at 20/3% per annum for three years is ₹46.
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.
What sum of money will amount to 21296 in 3 years at 10% per annum compounded annually?
16000∴ Sum = Rs. 16000 Ans.
What would be the difference between the simple interest and the compound interest on a sum of money at the end of four years?
To find the sum, difference between C.I and S.I, time and rate of interest is needed. The difference between the compound interest and the simple interest earned on a sum of money at the end of 4 years is Rs. 256. 40.
What is the difference between the compound interest and the simple interest on a certain sum at 12% pa?
The difference between the compound interest and simple interest on a certain sum at 12% per annum for 2 years is 126.72.
How do you find the amount of 8000 for 2 years?
8000Period (n) = 2 yearsRate (R1)=9% for the first yearR2=10% the second year∴ Amount (A)= P (1+R1100)1(1+R2100)1=8000 (1+9100) (1+10100)=Rs. 8000×109100×110100=Rs. 9592.
In what time will a sum of Rs 800 at 5% Paci amount to Rs 882?
∴t=2 years.
What sum of money will amount to 72900 at 8% per annum for 2 years if the interest is payable annually?
The correct Answer is:Rs 62500.
Step by step video, text & image solution for A certain sum amounts to Rs 72900 in 2 years at 8% per annum compound interest, compounded annually.
Which gives you more money simple or compound interest?
Compound interest earns you more money in your bank account, even if you don't add to your account in the meantime. But if you borrow money, you'll pay more with compound interest, and the shorter the compounding period, the more you'll pay over time.
How to find difference between simple interest and compound interest for 2 years?
- Given, principal (P) = ₹ 8000. time period (n) = 2 yrs. rate of interest (R) = ? We know that, Difference between C.I & S.I is given by the formula, C.I - S.I = P(1 + R/100)n. Difference between C.I & S.I is. ...
- Hence, putting the given values in the formula. ⇒20 = 8000(R/100)2.
- ⇒ (R/100)2 = 20/8000.
- ⇒ (R/100)2 = 1/400.
What is the difference between the simple interest on a certain sum at the rate of 10 per annum for 2 years?
The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 months is Rs. 124.05.
What is the difference between simple interest and compound interest quizlet?
What is the difference between how simple and compound interest are paid? Simple interest is paid on the principal only, compound interest is paid on both principal and interest.
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 ?
