find difference between SI and CI on rs 12000 at 9 percent per annum for 2 years
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First , we will calculate the SI = 12000*9*2 /100 = 2160 .
Now, CI = Amount -P
Amount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20
CI = 14257.20-12000 = 2257.20
Difference between CI and SI = 2257.20 - 2160
= 97.2
Now, CI = Amount -P
Amount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20
CI = 14257.20-12000 = 2257.20
Difference between CI and SI = 2257.20 - 2160
= 97.2
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