What is the difference between amount for 2 years amd 3 years for Rs 500 at 10% compound interest?

Question

What is the difference between amount for 2 years amd 3 years for Rs 500 at 10% compound interest?​

Jasmine · Answer

Answer:   S.I = P×R ×n /100 = 5000 ×10×3/100 = 1500  C.I = P (1+R/100)^n - P = 5000 [(1+ 10/100)^3-1 ]= 1655     C  .  I        -     S  .  I     =     1  6  5  5  -  1  5  0  0  =     1  5  5

Valentina

Recently you have written a new book and you have mailed your new book to the head of English language club. Write a letter to th

Successor and predecessor of the following integers |-950|

1 thought on “What is the difference between amount for 2 years amd 3 years for Rs 500 at 10% compound interest?”

S.I = P×R ×n /100 = 5000 ×10×3/100 = 1500

C.I = P (1+R/100)^n – P = 5000 [(1+ 10/100)^3-1 ]= 1655

C.I – S.I = 1655–1500= 155

Leave a Comment Cancel reply