Question

find the difference between CI and Si on rupees 45000 at 12% per annum for 5 years​

Answer 1

Answer:

Step-by-step explanhhation:

Answer 2

Answer:

7305.3

Step-by-step explanation:

(i)

SI = PTR/100

   = (45000 * 12 * 5)/100

  = 27000

(ii)

A = P(1 + r/100)ⁿ

  = 45000(1 + 12/100)⁵

  = 79305.3

CI = A - P

  = 79305.3 - 45000

  = 34305.3

Now,

Difference between CI and SI :

= 34305.3 - 27000

= 7305.3

Hope it helps!