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The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is?
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The difference between the simple and compound interest on a certain o...
Calculation of Compound Interest
Given
- Principal amount = P
- Time period = t
- Rate of interest = r
Calculating Simple Interest
Simple interest is calculated using the formula:
Simple Interest = (P x t x r) / 100
Simple Interest Calculation Example
- P = 1000
- t = 3 years
- r = 5%
- Simple Interest = (1000 x 3 x 5) / 100 = 150
Calculating Compound Interest
Compound interest is calculated using the formula:
Compound Interest = P(1 + r/100)^t - P
Compound Interest Calculation Example
- P = 1000
- t = 3 years
- r = 5%
- Compound Interest = 1000(1 + 5/100)^3 - 1000 = 157.63
Calculating Compound Interest for 2 Years
To calculate the compound interest for 2 years, we can use the same formula:
Compound Interest = P(1 + r/100)^t - P
Compound Interest Calculation Example for 2 Years
- P = ? (Not given in the question)
- t = 2 years
- r = 5%
- Compound Interest = ?
Since the principal amount is not given, we cannot calculate the compound interest for 2 years.
Community Answer
The difference between the simple and compound interest on a certain o...
3075
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The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is?
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The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is?.
The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The difference between the simple and compound interest on a certain of 3 years at 5% p.a is ` 228.75. The compound interest on the sum of for 2 years at 5% per annum is?.
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