What is the difference between the compound i | vedclass

Name: PDF Generator App | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

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?

Similar Questions

What sum will give ₹ $244$ as the difference between simple interest and compound interest (In ₹) at $10 \%$ in $1 \frac{1}{2}$ years compounded half-yearly?

The compound interest on $\$ 1,800$ at $10 \%$ per annum for a certain period of time is $\$ 378 .$ Find the time in years.

₹ $3757$ is to be divided between $A$ and $B$ such that $A's$ share at the end of $7$ years may be equal to $B$ 's share at the end of $9$ years. If rate per cent be $10 \%$ p.a. compound interest, $B$ 's share is (In ₹)

If a sum of money compounded annually becomes $1.44$ times of itself in $2$ years, then the rate of interest per annum (In $\%$) is