find the difference between CI and SI on rupees 12000 at the rate of 12% per amount for 2 years
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Explanation:
PRINCIPAL =Rs. 12000
Rate=12%
Time=2 years
1)amount-principal (1+rate/100)^t
A=12000(1+12/100)^2
A=12000(112/100)^2
A=12000(28/25)^2
A=12000×784/625
A=Rs.15052.8
Cl-15052.8-12000=Rs.3052.8
2)Sl =principal ×rate ×time/100
Sl=12000×12×2/100
Sl=Rs.2880.
3)difference - Cl-Sl
=3052.8-2880
Rs.172.8
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