Question

2. Find the difference between simple interest and compound interest on 12,000 at 9% per annum for 3 years, compounded annually​

Answer 1

here here is your correct answer please mark me BRAINLIEST

Answer 2

Answer:

300.348

Step-by-step explanation:

si= p×r×t/100

p=12000

r=9%

t=3

12000×3×9/100

=3240

a=12000+3240

=15240

ci=p(1+r/100)t

12000(1+9/100)3

12000×109/100×109/100×109/100

=15540.348

difference between simple interest and compound interest.

ci-si

15540.348-15240

=300.348