Aman borrows from Amrit * 6000 at 6% interest compounded annually. Find :
(1) The difference between S.L. and C.I. at the end of 3rd year.
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P=₹6000
Rate%=6%
T=3 years
For S.I
SI=PRT/100
=(6000*6*3)/100
=1080
For C.I
I=P(1+(R/100))^t-6000
I=6000(1+6/100)^3-6000
I=6000*53/50*53/50*53/50-6000
=1146.096
Diff=1146.096-1080
=66.096
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