Question

find the difference between SI and CI on rupees 15,625 at 12%per annum for 3 years​

Answer 1

Answer:

₹702

SI=P×R×T/100

=15625×12×3/100

=₹5625

CI=(P(1+R/100)^n)-P

=(15625(1+12/100)³)-15625

=(15625(1.12)³)-15625

=₹6327

CI-SI=?

₹6327-₹5625=₹702

Therefore the answer is ₹702.