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find the difference between CI and SIon a sum of Rs 1000 at the rate of 10%p.a for 2 years

Asked by Manju 31st December 2016, 6:48 PM
Answered by Expert
Answer:
begin mathsize 16px style CI equals straight A minus straight P
space space space space equals straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight N minus straight P
space space space space equals straight P open square brackets open parentheses 1 plus straight R over 100 close parentheses to the power of straight N minus 1 close square brackets
space space space space equals 1000 open square brackets open parentheses 1 plus 10 over 100 close parentheses squared minus 1 close square brackets
space space space space equals 1000 open square brackets open parentheses 11 over 10 close parentheses squared minus 1 close square brackets equals 1000 cross times 21 over 100 equals 210
SI equals PNR over 100 equals fraction numerator 1000 cross times 2 cross times 10 over denominator 100 end fraction equals 200
Difference equals 210 minus 200 equals 10 end style
Answered by Expert 31st December 2016, 10:17 PM
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