Pls solve activity
ACTIVITY 2: COMPARING QUANTITIES
TOPIC : Difference between simple interest and compound interest
Description: Calculate simple interest and compound interest on Rs 100000 at 10% per annum for 5 consecutive years and tabulate the data in the following manner.
| Year | Principal for S.I. | Principal for C.I. | Simple Interest | Compound Interest |
| 1. | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 |
Make a double bar representing S.I. and C.I. and observe the gain in each year and long term benefits of compound interest
Dear Student,
The following table shows the C.I and S.I for 5 consecutive years.
The double graph can be drawn below.
Regards,
The following table shows the C.I and S.I for 5 consecutive years.
| Year | Principal of S.I |
Principal of C.I | S.I | C.I | Gain |
| 1 | 10000 | 10000 | 1000 | 1000 | 0 |
| 2 | 10000 | 11000 | 1000 | 1100 | 100 |
| 3 | 10000 | 12100 | 1000 | 1210 | 210 |
| 4 | 10000 | 13310 | 1000 | 1331 | 331 |
| 5 | 10000 | 14641 | 1000 | 1464.1 | 464.1 |
The double graph can be drawn below.
Regards,