Q. 54.5( 10 Votes )

Find the differen

Answer :

Given,


Principal = Rs.50000


Rate = 10% per annum


Time = 2 years


Hence,


=


Compound interest =


=


So,


Difference between compound interest and simple interest = Rs.(10500 – 10000) = Rs.500


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Find the amount aRS Aggarwal - Mathematics

A scooter is bougRS Aggarwal - Mathematics

The sum that amouRS Aggarwal - Mathematics

The difference beRD Sharma - Mathematics

The annual rate oRS Aggarwal - Mathematics

Find the amount aRS Aggarwal - Mathematics

Find the amount oRS Aggarwal - Mathematics

Fill in the blankRS Aggarwal - Mathematics

The compound inteRS Aggarwal - Mathematics