Find the difference between compound interest and simple interest on
Rs 45000 at 12% per annum for 3 year.
Answers
Answered by
15
Answer:
Step-by-step explanation:
Principle = 45000
Rate = 12%
Time = 3 years
SI =P*R*T /100
= 45000 * 12 * 3 /100
SI = 16200
A = P +SI
= 45000 + 16200
= 61200
Now CI
CI = P( 1 +R )T
= 45000(1+12/100) T
= 45000 * 120/100 * 3
= 162000
Now Difference
CI - SI = 162000 - 16200
= 145800
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Answered by
5
Step-by-step explanation:
time is 5 years
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