Question

find the difference between s.i and c.i for principal=4500 ,rate=8% ,time=3 years
pls answer me ........
step-by-step.........
not only answer.......
who giving the answer step-by-step will be the brainleist

Answer 1

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Your Answer is ; ₹88.70.

Step by Step Explanation ;-

Given ;-
Principal ( p ) = ₹ 4500
Time ( t ) = 3 years
Rate ( r ) = 8%

Simple Interest = P*R*T/100

=> 4500*3*8/100

=> ₹ 1,080

Compound Interest ;-

A = P ( 1+R/100)n

A = 4500(1+8/100)3

A = 4500*108/100*108/100*108/100

A = ₹ 5,668.70

Compound Interest = A - P

CI = 5668.70 - 4500

CI = ₹ 1,168.70

=> The difference between the Compound Interest and Simple Interest ;-

Difference = CI - SI

Difference = 1168.70 - 1080

Difference = ₹ 88.70

Hence , ₹ 88.70 is the right answer.

Answer 2

Answer:

88.704

Step-by-step explanation:

Given, P = 4500, R = 8%, Time = 3 years.

(i) Simple Interest:

SI = PTR/100

   = (4500 * 8 * 3)/100

   = 1080.

(ii) Compound Interest:

A = P(1 + r/100)ⁿ

  = 4500(1 + 8/100)³

  = 4500(108/100)³

  = 5668.704

Compound Interest = A - P

                                = 5668.704 - 4500

                                = 1168.704.

(iii) Difference:

CI - SI

1168.704 - 1080

88.704

Therefore, the difference is 88.704.

Hope it helps!