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The questions posted on the site are solely user generated, Doubtnut has no ownership or control over the nature and content of those questions. Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions. Given : P = Rs. 8,000, R = 5%, T = 2 years S.I. = `[ "P" xx "R" xx "T"]/100` = `[8,000 xx 5 xx 2]/100` = Rs. 800 For compound interest, `"A" = "P"( 1 + r/100 )^n` `"A" = 8,000( 1 + 5/100 )^2` = `8,000 xx 21/20 xx 21/20` = Rs. 8,820 C.I. = A - P Now, C.I. - S.I. = Rs. ( 820 - 800 ) = Rs.
20. Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! Open in App Solution The correct option is A: Rs.3109Given: Principal, P=Rs.8000Rate, R =15%Time =2 years 4 months =2+(412) years =213 yearsAmount for 2 years is given asAmount, A=P(1+R100)t [∵t=time]= Rs. [8000×(1+15100)2] (adsbygoogle = window.adsbygoogle || []).push({}); =Rs.(8000 ×2320× 2320=10580Interest for 13 years is given asI=P×R×t100=10580×15×13100=Rs.529Total amount for 213 years =10580+529=Rs.11109. ∴ Compound Interest, C.I.= Toatal Amount - Principal =Rs.(11109 −8000)= Rs.3109.What is the difference between compound interest & simple interest on 8000 at 15% per annum for 2 yrs?Detailed Solution
The difference between compound interest compounded annually and simple interest on a certain sum at a rate of 15% per annum for 2 years is ₹1,944.
What is the difference between the compound interest and simple interest on Rs 8000 at 5% pa for 2 years?Amount=P(1+r100)n=8000(1+5100)2=8000×(1+120)2=8000×(2120)2=8000×441400=20×441=8820∴CI=Amount−Principal=8820−8000=820.
What will be the difference between simple and compound interest on 8000 at the rate of 5% per annum at the end of 3 years?The difference of C.I and S.I on a sum at 5% per annum for 3 years is Rs. 1525.
What will be the compound interest of Rs 8000 at 15%?Compound interest = ₹ 11109 - ₹ 8000 = ₹ 3109. Q.
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What is the difference between the compound interest and simple interest on ₹ 8000 at 15% per annum for 2 years?
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