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CBSE Class 8 Answered

Find the difference between the simple interest and compound interest on Rs.2500 for 2 years at 4 per cent per annum , compound intrest being reckoned semi-annually
Asked by jodhabai7867 | 24 Oct, 2018, 09:56: PM
Expert Answer
begin mathsize 16px style Simple space Interest space equals space PRN over 100 space equals space fraction numerator 2500 space cross times space 4 space cross times 2 over denominator 100 end fraction equals space Rs. space 200 Compound space Interest colon straight A space equals space straight P open square brackets 1 space plus space straight R over 100 close square brackets to the power of straight n space Here space straight n space equals space 2 space years space equals space 4 space half space years and space straight R space equals space 4 percent sign space straight p. straight a. space equals space 2 percent sign space per space half space year Substitute space the space values comma space we space get straight A space equals space Rs. space 2706. space 0804 space CI thin space equals space straight A space minus space straight P space equals space Rs. space 206. space 0804 Compound space Interest space minus space Simple space Interest space equals space 206.0804 space minus space 200 space equals space Rs. space 6. space 08 end style
Answered by Yasmeen Khan | 25 Oct, 2018, 12:08: PM

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