UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Class 10 > The difference between simple interest and compound...
✕

Search in

The difference between simple interest and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 1. What is the sum of rupees?

Asked by Last Modified  

2 Answers

+2 Compound Interest

Follow 0
Answer

Please enter your answer

TEACHING IS MY PASSION-I STILL STRIVE TO BETTER MY TEACHING ABILITIES

If 'P' is the Principal Sum , then Compound Interest (CI) @4%, after 2 years is: CI = P{ (1+4/100) (1+4/100) -1} =P { 1+16/10000 +2*4/100 -1} = P{16/10000+2*4/100} Simple Interest SI, @ 4% after 2 years is: SI = P*2*4/100 It is given that, CI - SI= Rs.1, Substituting the values of CI and SI in the...
read more
If 'P' is the Principal Sum , then Compound Interest (CI) @4%, after 2 years is: CI=P{ (1+4/100) (1+4/100) -1} =P { 1+16/10000 +2*4/100 -1} = P{16/10000+2*4/100} Simple Interest SI, @ 4% after 2 years is: SI=P*2*4/100 It is given that, CI - SI=Rs.1, Substituting the values of CI and SI in the above eqn, we get: P{16/10000 + 2*4/100} - P*2*4/100 =1, ==> P*16/10000 = 1, ==> P=10000/16, ==> p= 625 Therefore, the principal Sum lent was, Rs.625/- One Can use the Formula P*(r/100)*(r/100) = d , where, 'P' is Principal Sum, 'r' is rate of interest for a prescribed period, and 'd' is the difference between CI and SI, for two such periods; can be used in this case. read less
Comments
Dislike Bookmark

Given, Compound Interest -Simple Interest = 1 P { 1+ ( 4/100) } ^ 2 - P - ( P×4×2 / 100 ) = 1 On solving, P = 625
Comments
Dislike Bookmark

Related Questions

What are the properties of Arithmetic mean?
AM = SUM OF ALL OBSERVATION/TOTAL NO. OF OBSERVATION. A.M = (X1+X2+X3+X4+X5+...........+Xn)/n px1, px2, px3 for this mean.
Anubhav
0 0
6
What is the object which have one curved surface and one vertex and one circular face?
Cone.
Satish
0 0
8
What should I do to pass class 10?
You focus on subjects which are difficult for you.do not target big,just target to pass subjects which are difficult.Just focus on main topics.
Pankaj
0 0
6
Define cumulative frequency curve?
Cumulative frequency is the running total of the frequencies. Here is a video that explains it quite well: https://www.youtube.com/watch?v=9lJBJi9dzJE
Subhash
0 0
8
What is the best book for learning algebra?
1)"Elementary and Intermediate Algebra" by Marvin Marcus and Robert Winter. 2)"Basic Mathematics" by Serge Lang. 3)"Algebra and Trigonometry With Analytic Geometry" by Paul Zeitz.
Hardik
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Trigonometry
G

Gowri

0 0
0
Class-9-Maths L-9 Circles Ex 9.3 Q5

Ashish Bhatia

0 0
0

Ashish Bhatia

0 0
0
Class-10-Real Numbers-Q3-PYqs-2021

Ashish Bhatia

0 0
0
Class 10 Math Coordinate Geometry by Ishh kp
Section formula : Friends, in this video, we gonna learn about the section formula of coordinate geometry chapter.

Ishwar Datt

1 0
0

Recommended Articles

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Jaipur
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 10 Tuition Classes?

The best tutors for Class 10 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2025 All Rights Reserved