Question

Consider a principal and calculate S.I. for 3 years at 10% p.a.Considering same principal rate and find the C. I. using the S. I. formula per year​

Answer 1

Step-by-step explanation:

let's take the principal 100

for S.I=p×t×r/100

100×3×10/100=30 is the simple interest

for C.I=p(1+r/100)to the power n (n means time)

100(1+10/100)3

100×11/10×11/10×11/10

=1331/10=133.1