Find the difference between simple interest
and compound interest for 3 years on 330,000
at 15% per annum, when the interest is
compounded annually.
Answers
Answered by
1
Answer:
81500 is the anser
Step-by-step explanation:
si=p*r*t/100
=330000*3*15/100
=148500 is the si
amount=330000+148500
=478500 is the amount
ci=amount-principle
=148500-478500
=230000
difference of ci and si
=230000-148500
=81500 is the answer
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