find the difference between s I and C.I on 6000 at 8.% p.a on 2 years
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hello Frnd
Given as
Principal = 32000
Rate = 12%
Time = 3 yrs
SIMPLE INTEREST
as we know
SiMple interest = P × R × T
= 32000 × 12/100 × 3
= 11520
Now Compound Interest
As we know
Compound Interest = Amount - Principal
= 44928 - 32000
= 12928
Now Differece between Compound Interest and Simple Interest
Difference = C I - S I
= 12928 - 11520
= ₹ 1408
hope it helps
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