What is the difference between the compound interest and the simple interest on a certain sum for 2 years at 6?
The difference between compound interest and simple interest on a certain sum at 6% pa for 2 years is 90.
What is the difference between compound interest and simple interest on a certain sum for 2 years at 8?
The difference between compound interest and simple interest on a sum for 2 years at 8% p.a is Rs. 768 .
How to calculate difference between compound interest and simple 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 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 and compound interest on a certain sum for 2 years at 10 per annum?
⇒x=63100. The difference between compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631.
What is the difference between compound interest and simple interest on a certain sum for 2 years at 20%?
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 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.
How to find the difference between compound interest and simple interest?
Simple interest is calculated by multiplying the loan principal by the interest rate and then by the term of a loan. Compound interest multiplies savings or debt at an accelerated rate. Compound interest is interest calculated on both the initial principal and all of the previously accumulated interest.
How to calculate the difference between compound interest and simple interest?
If the difference between compound and simple interest is of three years than, Difference = 3 x P(R)²/(100)² + P (R/100)³.
How to calculate difference between compound and simple interest?
- Given: Sum, (P) = Rs 32,000. Rate, (R) = 20% Time, (T) = 3 years.
- Formula used: SI = (P × R × T)/100. For compound Interest, ...
- Concept used: For the first year, SI and CI will be equal.
- Calculation: For simple interest, SI = (P × R × T)/100. ...
- ∴ The difference in SI and CI is 4096. For SI, For, 3 years.
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 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.
What is the difference in simple interest and compound interest on a certain sum of money in 3 years at 10?
The difference between the compound interest and the simple interest on a certain sum for 3 years at 10% per annum is Rs 93.
What is the difference between the compound and 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.
What is the difference between the compound interest and the simple interest on a certain sum at 12%?
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 simple interest and compound interest for 2 years at 5 per annum be equal to rs 50?
=>P=Rs20,000.
What sum of money will amount to 21296 in 3 years at 10% per annum compounded annually?
16000∴ Sum = Rs. 16000 Ans.
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.
How many years will 6250 amount to 7290 at 8% per annum compounded annually?
So, in 2 years Rs. 6250 will amount to Rs. 7290.
On what sum of money does the SI for 10 years at 5% become 1600?
Answer. sum of money is 3200/-,on which S.I for 10years at 5% become Rs1600. Hope it helps you.
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 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.
What is one major difference between compound interest and simple interest simple?
In summary, the key difference between simple interest and compound interest is that simple interest is calculated solely on the initial amount of money, while compound interest is calculated on the initial amount plus any interest previously earned or charged.
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.
What is an example of a compound interest?
If you borrowed $1,000 and agreed to pay it back three years later at 20% annual interest, you would owe $600 interest plus the $1,000 principal you borrowed. If you had a $1,000 loan with interest that compounded 20% annually, you would owe 20% on the annual balance, which would increase every year.
