Question

Find the difference between C.I. and S.I. on RS. 32000 at 12%p.a. for 2 years . For C.I. calculation use formulae.​

Answer 1

Step-by-step explanation:

Given as

Principal = 32000

Rate = 12%

Time = 3 yrs

SIMPLE INTEREST

as we know

SiMple interest = P × R × T

= 32000 × 12/100 × 3

= 11520

Now Compound Interest

As we know

Compound Interest = Amount - Principal

= 44928 - 32000

= 12928

Now Difference between Compound Interest and Simple Interest

Difference = C I - S I

= 12928 - 11520

= ₹ 1408

Answer 2

Ans

hello Frnd

Given as

Principal = 32000

Rate = 12%

Time = 3 yrs

SIMPLE INTEREST

as we know

SiMple interest = P × R × T

= 32000 × 12/100 × 3

= 11520

Now Compound Interest

As we know

Compound Interest = Amount - Principal

= 44928 - 32000

= 12928

Now Difference between Compound Interest and Simple Interest

Difference = C I - S I

= 12928 - 11520

= ₹ 1408

hope it helps