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get the difference between compound interest and simple interest at the same rate for 8000 from screen. Find the difference between compound interest and simple interest on Rs. 8000 in 2 years an at 5% per annum.Click here👆to get an answer to your question ✍️ Find the difference between compound interest and simple interest on Rs. 8000 in 2 years an at 5% per annum.  Question Find the difference between compound interest and simple interest on Rs.8000in 2years an at 5% per annum.We have, Easy Open in App Solution Verified by Toppr P=Rs.8000,T=2 years,R=5% We know that, SI= 100 P×R×T or, SI= 100 8000×5×2 or, SI=Rs.800 We know that, A=CI+P=P(1+ 100 R ) T or, CI+8000=8000(1+ 100 5 ) 2 or, CI+8000=8000(1+ 20 1 ) 2 or, CI+8000=8000( 20 21 ) 2 or, CI+8000=8820 or, CI=Rs.820 Therefore, the required difference CI−SI=820−800 =Rs.20 Was this answer helpful? 95 25 स्रोत : www.toppr.com Given : Principal = Rs. 8000 Rate = 5% Time = 3 years Concept used : At compound interest, interest = P[1 + (R/100)]t - P Home Quantitative Aptitude Interest Simple and Compound Both QuestionDownload Solution PDF The difference between the compound interest and simple interest for 3 years at 5% per annum on 8,000 will beRs. 75 Rs. 69 Rs. 55 Rs. 61 Answer (Detailed Solution Below)Option 4 : Rs. 61 Detailed SolutionDownload Solution PDF Given : Principal = Rs. 8000 Rate = 5% Time = 3 years Concept used : At compound interest, interest = P[1 + (R/100)]t - P (where p is the principle, R is the rate of interest and t is the time period) At simple interest , interest = (P × R × T)/100 Calculations : Principle = 8000 Interest at compound interest = 8000[1 + (5/100)]3 - 8000 (time is 3 years, are of interest is 5%) ⇒ 9261 - 8000 ⇒ 1261 Now, Simple interest = (8000 × 5 × 3/)100 ⇒ 1200 Difference of compound interest and simple interest = 1261 - 1200 ⇒ 61 rupees ∴ Option 4 is the correct answer. Alternate Method Concept used: Difference of C.I. and S.I. for 3 years = P(R/100)2((300 + R)/100) Calculations: Required difference = P(R/100)2((300 + R)/100) ⇒ 8000 × (5/100)2((300 + 5)/100) ⇒ 8000 × (1/400) × (305/100) ⇒ 8000 × 1/400 × 61/20 ⇒ 61 ∴ The required difference is Rs. 61. Download Solution PDF Share on Whatsapp Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple and Compound Both. India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Get Started for Free Download App Trusted by 2,69,47,637+ Students ‹‹ Previous Ques Next Ques ›› More Simple and Compound Both QuestionsQ1. The difference between the simple interest and the compound interest on a certain sum of money for 2 years at the rate of 6% per annum is Rs.28.80. Calculate the principal amount.Q2. 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Find the sum invested in compound interest if the amount at the end of two years and three years are Rs. 14,520 and Rs. 15,972 respectively. स्रोत : testbook.com Calculate the difference between the compound interest and the simple interest on Rs. 8000 in three years and at 10 % per annum.Calculate the difference between the compound interest and the simple interest on Rs. 8000 in three years and at 10 % per annum. Home > Calculate the difference between the compound interest and the simple interest on Rs. 8000 in three years and at 10 % per annum. Question Calculate the difference between the compound interest and the simple interest on Rs. 8000 in three years and at 10% per annum. Solution Principal(P)=Rs. 8000 Rate(R)=10% p.a. Period(T)=3 years ∴ S.I for 3 years= P T R 100 = 8000 × 10 × 3 100 =Rs. 2400 Now, S.I. for 1st year = R s . 8000 × 10 × 1 100 = 80 × 10 × 1 Amount for the first year=P+S.I. =Rs. 8000 + Rs. 800=Rs. 8800 Principal for the second year= Rs. 8800 Interest for the second year= 8800 × 10 × 1 100 =Rs. 880 ∴ Amount after second year= Rs. 8800 + Rs. 880 =Rs. 9680 Principal for the third year= Rs. 9680 Interest for the third year = R s . 9680 × 10 × 1 100 = R s . 968 ∴ C.I. for 3 years= Rs. 800+ Rs. 880+Rs. 968 ∴ Difference between C.I. and S.I. for 3 years =Rs. 2648-Rs. 2400 =Rs. 248 MathematicsConcise MathematicsStandard VIII Suggest Corrections 1 SIMILAR QUESTIONS Q. Find the difference between compound interest and simple interest on Rs. 8000 in 2 years an at 5 % per annum. Mathematics Q. Calculate the difference between the simple interest and the compound interest on Rs. 4 , 000 in 2 years at 8 % per annum compounded yearly. Mathematics SAME EXERCISE QUESTIONS Q. Rekha borrowed Rs. 40000 for 3 years at 10% per annum compound interest. Claculate the interest paid by her for the second year. Mathematics Q. Mr. Sharma borrowed Rs. 24000 at 13% p.a. simple interest and an equal sum at 12% p.a. compound interest. Find the total interest earned by Mr. Sharma in 2 years. Mathematics View More PEOPLE ALSO SEARCHED FOR Q. Govind borrows Rs. 18,000 at 10 % simple interest. He immediately invests the money borrowed at 10 % compound interest, compounded half-yearly. How much money does Govind gain in one year? Mathematics Q. Calculate the amount and the compound interest on Rs. 12 , 000 in 3 years when the rates of interest for successive years are 8 % , 10 % and 15 % respectively. Mathematics View More स्रोत : byjus.com What is the difference between the compound interest and simple interest on 8000 at 15% per annum for 2 year?The formula to find the simple interest is P×R×T/100. Hence, the difference between the compound interest and simple interest on Rs. 800 at 15% per annum for 2 years is Rs. 180.
What is the difference between the compound interest and simple interest on Rupees 8000?Amount=P(1+r100)n=8000(1+5100)2=8000×(1+120)2=8000×(2120)2=8000×441400=20×441=8820∴CI=Amount−Principal=8820−8000=820. Q. A person invests Rs. 5,000 for three years at a certain rate of interest compounded annually.
What will be the difference between simple and compound interest on Rs 8000 at the rate of 5 percent per annum at the end of 3 years?The difference of S.I and C.I on a sum at 5% per annum for 3 years is Rs. 36.60.
What is the difference between simple interest and compound interest on a sum of 8000 for 2.4 years?Answer: The difference between the simple interest and compound interest is Rs 80 . sum of Rs 8000 lent at 10% p.a. in 2 years.
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What is the difference between compound interest and simple interest on 8000 at 15% per annum?
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