Find the difference between Compound interest and simple interest on a sum of ₹9,000 for 3years at the rate of 4%per annum.
please answer this step by step.
Answers
Answered by
1
Step-by-step explanation:
compound interest
a=p (1+r/100)n
9000(1+4/100)3
9000×104/100×104/100×104/100
=10123.776
simple interest
si=prt/100
9000×4×3/100
=1080
difference = 10123.776 - 1080
=₹ 9043.776
Answered by
1
Step-by-step explanation:
p=9000rs.
n= 3 years
r=4%per annum
si=(p×r×t)/100
=9000×4×3/100
=90×12
=1080rs.
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