Question

37. What is the difference between the simple interest and compound interest on
rupees 40,000 for 3 years at 5% p.c.p.a ?
(1) 250 (2) 200 (3) 300
(4)305


please give me the answer of this question this are the options ​

Answer 1

Answer:

SI=( p×r×t)/100 =(40000×5×3)/100=6000

Step-by-step explanation:

CI=A-P. CI = p(1+r/100)^n-p=40000(1+5/100)^3-40000. = 40000(1+1/20)^3-40000 =40000×21/20×21/20×21/20-40000. =5×21×21×21-40000=6305. CI-SI=6305-6000=305.