Question

find the difference between compound interest and simple interest on rupees 4500 at 12% pay for 5 year

Answer 1

simple interest = p×t×r/100

               = 4500×12×5/100 =45×60 =2700 rupees

compound interest =p(1+r/100)^n-p

                                         =4500(1+12/100)^5-4500

                                          =4500(1+3/25)^5-4500 =35152 (approx)

now u can find your ans. best of luck