Question

08 Find the difference between simple interest
and compound interest for 3 years on 30,000
at 15% per annum, when the interest is
compounded annually.
please answer this question correctly and please see and understand this question and write the correct digits if you will send me a correct answer I will mark your answer as brainliest I swear ​

Answer 1

P=Rs.30,000,T=2years and R=10%

⇒ A=P(1+

100

R

)

T

⇒ A=30000×(1+

100

10

)

2

⇒ A=30000× 1011× 1011

∴ A=Rs.36,300

⇒ C.I.=A−P=Rs.36,300−Rs.30,000=Rs.6,300

⇒ S.I.= 100

P×R×T= 100

30000×10×2

∴ S.I.=Rs.6,000

∴ C.I.−S.I.=Rs.6300−Rs.6000=Rs.300

Answer 2

Answer:

Hey Buddy!! Here is your answer.

Explanation:

Simple Interest = ₹10500

Compound Interest = ₹15626.25

Difference = ₹5126.25

Hope this helps you a lot buddy!! Please mark me as the brainliest.