Question

Find the difference between simple interest and compound interest on Rs.
30,000 for 3 years at 10% Per annum, when the interest is compounded
annually.​

Answer 1

Answer:

S.I= P*R*T/100

S.I=30000*3*10/100

S.I=9000RS

S.I=30000+9000

S.I=39000RS

C.I=30000*11*11*11/10/10/10

C.I=39930RS

Difference between C.I AND S.I=

39930-39000

=930RS