Question

Find the difference between
compound interest and simple
interest on 15000 at 12% per
annum for 3 years ( compounded
annualy​

Answer 1

$\huge\underline\orange{\sf Hey}$

principle = 15000

Rate = 12%

Time = 3 years

Amount =

$p \: (1 + \frac{r}{100}) {}^{3}$

$15000(1 + \frac{12}{100} ) {}^{3}$

$15000(1 + \frac{3}{25} ) {}^{3}$

$15000( \frac{25 + 3}{25} ) {}^{3}$

$15000( \frac{28}{25} ) {}^{3}$

$15000 \times \frac{28}{25} \times \frac{28}{25} \times \frac{28}{25}$

$21952$

CI = Amount - Principle

$21952 - 15000$

$= > \: 6952$

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Answer 2

Answer:

Your answer is 6952................