Question

find the difference beteen the ci and si on 12000 at 9 % p.a. for 2 yrs​

Answer 1

Answer:

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