Question

Find difference between si and ci on rs 1200 at 10% pa after 3 years

Answer 1

Answer:

1237.2

Step-by-step explanation:

SI = p*r*t / 100

   = 1200 x 10 x 3 / 100

   = 360

CI = P ( 1 + r / 100 ) ^ t

   = 1200 (1+10/100) ³

   = 1200 x 110/100 x 110/100 x 110/100

   = 7986/5

   = 1597.2

Now,, the difference between SI and CI is = (1597.2 - 360)

                                                                      = 1237.2 (ANS)

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