Find the difference between S.I. and C.I. (in | vedclass

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Question

(C) The formula for the difference between Simple Interest $(S.I.)$ and Compound Interest $(C.I.)$ for $2$ years is given by:Difference $= \frac{P 	i

Vedclass · Accepted Answer

$144$

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(C) The formula for the difference between Simple Interest $(S.I.)$ and Compound Interest $(C.I.)$ for $2$ years is given by:Difference $= \frac{P 	imes R^{2}}{100^{2}}$Where $P$ is the principal amount and $R$ is the rate of interest.Given: $P = 10000$,$R = 12 \%$,and $T = 2$ years.Substituting the values in the formula:Difference $= \frac{10000 	imes (12)^{2}}{100^{2}}$Difference $= \frac{10000 	imes 144}{10000}$Difference $= 144$Thus,the difference between $S.I.$ and $C.I.$ is $Rs. 144$.

Find the difference between $S.I.$ and $C.I.$ (in $Rs.$) at $12 \%$ per annum for $2$ years on $Rs. 10000$.

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