Question

Find the difference between C.I And 'S.I on 30000 at 7% for 3 years​

Answer 1

Answer:

so here is your answer

if you like my answer please mark me brainliest

Answer 2

The difference between the S.I. and C.I. is ₹ 451.29

Explanation:

For C.I. :

Principal (P) = ₹ 30000

Rate of interest (R) = 7%

Time (n) = 3 years.

Amount (A) = P (1+ R/100) ^n

= 30000 (1+7/100)^3

= 30000 {(100+7)/100}^3

= 30000 * (107/100) * (107/100) *(107/100)

= ₹ 36751.29

Hence, C.I. = ₹ (36751.29 - 30000.00)

= ₹ 6751.29

For S.I. :

Principal (P) = ₹ 30000

Rate of interest(R) = 7%

Time (T) = 3 years

S.I. = (P*R*T)/100

= (30000*7*3)/100

= ₹ 6300

Hence, the difference between the S.I. and C.I. is _

₹ (6751.29 - 6300.00)

= ₹ 451.29

#answerwithquality

#BAL