Difference between ci and si for 3 years formula deriviation
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Answered by
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AnswEr :
- Let's Assume that Principal and Rate is same here with time 3 Years.
• Derivation of Formula Now :
Answered by
86
- Difference between ci and si for 3 years formula deriviation.....
- CI = A - P where A =
- SI = P×R×T/100
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Let ,
D = CI for 3 years - SI for 3 year ,
The above formula is applicable only in the following conditions::----
1. The principal in simple interest and compound interest must be same.
2. Rate of interest must be same in simple interest and compound interest.
3. In compound interest, interest has to be compounded annually.
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