Question

Calculate the compound interest on 12,000 for 2 years at 6% per annum. Find the
difference between the CI and SI.​

Answer 1

Answer:

si= p. r. t/100

= 12,000×6×2/100

=1440

Answer 2

Answer:

43.2

Step-by-step explanation:

First , we will calculate the SI =(P×R×T)/100 =

(12000*6*2 )/100 = 1440 .

Now, CI = Amount -P

Amount = P(1 -R/100)^2

Amount = 12000(1+6/100)^2 = 12000* 106/100 *106/100 = 13483.2

CI =13483.2 -12000 = 1483.2

Difference between CI and SI = 1483.2 - 1440

= 43.2

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