Question

find the difference between compound interest and simple interest on 45000 at 12% pa. for 5 years.​

Answer 1

per question,

SI=

100

P×R×T

=

100

45000×12×

=Rs. 27000

Cl=A−P

Where,

A=P(1+

100

R

)

T

=45000(1+

100

12

)

5

=45000(

25

28

)

5

=Rs. 79200

Cl=79200−45000=34200

Also, difference between SI and Cl

=34200−27000=Rs. 7200

Answer 2

Step-by-step explanation:

Attachment contains stepwise solution.