What will be the difference between simple and compound interests at the rate of 10% per annum on a sum of Rs 1000 after 2years?

Question 36 Compound Interest Exercise 14.2

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Answer:

Given,

Time = 2 years

Rate = 7.5 % per annum

Let principal = Rs P

Compound Interest (CI) – Simple Interest (SI) = Rs 360

C.I – S.I = Rs 360

By using the formula,

P [(1 + R/100)^n - 1] – (PTR)/100 = 360

P [(1 + 7.5/100)^2 - 1] – (P(2)(7.5))/100 = 360

P[249/1600] – (3P)/20 = 360

249/1600P – 3/20P = 360

(249P-240P)/1600 = 360

9P = 360 × 1600

P = 576000/9

= 64000

∴ The sum is Rs 64000

Video transcript

hello everybody welcome to leader learning my name is rajna chaudhary and we have to write this statement in the equation form it is written that write equation for the statements for these statements so statement is one fourth of a number x minus g minus four gives four so one fourth of a number x would be one fourth of x that mean the value of this part is 1 by 4 of x then we have to minus 4 from it so let's minus 4 from it so minus 4 and gives gives means is equal to 4 so this is the equation for the statement we can write it like that at the place of off we can write multiply then minus 4 is equal to 4. we can also write it like x upon 4 minus 4 is equal to 4. so this is the form of equation for the statement i hope you understand the method see you in my next video don't forget to like comment and subscribe leader learning channel thank you for watching

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Question:

What will be the difference between the simple and compound interest on Rs. 1000 at the rate of 10% per annum in 4 years? Please explain the answer in brief

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What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years? Maths Q & A

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