1. Find the difference between the Simple Interest and Compound Interest for
an amount of 50,000 at 10% of interest rate for 2 years ?
If you try to solve this problem without using Equation, You gonna spend too much time for this question.
Difference between SI and CI for 2 years = P (R/100)2
= 50000 x 10/100 x 10/100
= 500
Equation to find Difference between SI and CI for 3 years = P (R/100)2 ( 3 + R/100 ) Equation to find Difference between SI and CI for 4 years = P (R/100)2 ( 4 + R/100 )
Equation to find Difference between SI and CI for 5 years = P (R/100)2 ( 5 + R/100 )
If you try to solve this problem without using Equation, You gonna spend too much time for this question.
Difference between SI and CI for 2 years = P (R/100)2
= 50000 x 10/100 x 10/100
= 500
Equation to find Difference between SI and CI for 3 years = P (R/100)2 ( 3 + R/100 ) Equation to find Difference between SI and CI for 4 years = P (R/100)2 ( 4 + R/100 )
Equation to find Difference between SI and CI for 5 years = P (R/100)2 ( 5 + R/100 )
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