Math, asked by jaggabhullar27563, 8 months ago

find the difference between simple interest and compound interest on $12000 at 9% per annum 3years compoundly annually​

Answers

Answered by Mrvagh151
2

First , we will calculate the SI = 12000*9*2 /100 = 2160 .Now, CI = Amount -PAmount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20CI = 14257.20-12000 = 2257.20Difference between CI and SI = 2257.20 - 2160= 97.2

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