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Abhilasha👑

· started a discussion

· 1 Months ago

diffnce between si nd ci for 4 years (Question:463278.0)

how to calculate directly the compuond intrst for 4 years

Question:

Find the difference between the compound interest and the simple Interest on Rs.2,00,000 at 10% p.a. for 4 years.

Options:
A)

Rs. 10,000

B)

Rs. 12,820

C)

Rs. 12,000

D)

Rs. 14,000

Solution:

Ans: (b) Rate = 10%, Time = 4 years

  

C.I. – S.I. = 2000 + 2000 + 2000 + 2000 + 2000 + 2000 + 200 + 200 + 200 + 200 + 200 = Rs. 12,820.

OR

4 years CI at 10% rate = 46.41 

\(\therefore\) SI = \(\frac{40.00}{6.41}\)

2000 × \(\frac{6.41}{100}\) = 12820

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