What is the difference between the compound i | vedclass

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Question

(a) Compound amount

$=4000\left(1+\frac{5}{100}ight)^{2}=₹ 4410$

Simple interest $=\frac{4000 	imes 5 	imes 2}{100}=₹ 400$

Compound inter

Vedclass · Accepted Answer

$10$

Vedclass · Answer

(a) Compound amount

$=4000\left(1+\frac{5}{100}ight)^{2}=₹ 4410$

Simple interest $=\frac{4000 	imes 5 	imes 2}{100}=₹ 400$

Compound interest $=A-P$ $=₹(4410-4000)=₹ 410$

$	herefore \quad$ Difference in $CI$ and $SI$

$=410-400=₹ 10$

Quicker Method:

Difference $=\operatorname{Sum}\left(\frac{r}{100}ight)^{2}=4000\left(\frac{5}{100}ight)^{2}$

$=\frac{4000}{400}=₹ 10$

What is the difference between the compound interest and simple interest on ₹ $4000$ at $5 \%$ per annum for $2$ years?

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