Difference between Cl and Sl at 8% p.a. for 3 yrs on a sum of 50000 is
(a) 958.6
(b) 985.6
(c) 968.6
(d) 995.6
Answers
Answered by
0
Answer:
b 985.6
Step-by-step explanation:
use compound interest formula
Answered by
2
Answer:
b) 985.6
Step-by-step explanation:
SI = principal×rate of interest×time
100
= 50000 × 8 × 3
100
= 12000 rs
compound interest = Amount - principal
Amount = principal ( 1 + rate/100 )power t
= 50000( 1 + 8/100)³
= 50000 × 108/100 × 108/100 × 108/100
= 62985.6
compound interest = Amount - principal
= 62985.6 - 50000
= 12985.6
compound interest - simple interest
= 12985.6 - 12000
= 985.6 Ans.
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