Find the compound interest on ruppes 5000 for 3 years at 5 percentage also find the simple interest for ruppes 5000 3 years at rate 6 percentage find the different interest
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Step-by-step explanation:
CI = P(1+r/100) ^t
= 5000(1+5/100)³
= 5000(21/20)³
=5788.125
SI= Prt/100 +, P
=5000 x 3 x 6/100 + 5000
=5900
difference= 5900-5788.125 = 111.875
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