Find the difference between simple intrest and compound interest on 3200rupees at the rate of 5% p.a. for 3year if the interest is compounded annually
Answers
Answered by
4
Hey mate!!
Here is ur answer
Simple interest is
=PNR/100
=3200×5×3/100
=32×5×3
=480rs
Compound interest
A=P(1+R/100) raised to N
=3200×(1+5/100)³
=3704.40rs
CI=A-P
=3704.40-3200
=504.40rs
The difference
=504.40-480
=24.40rs
Here is ur answer
Simple interest is
=PNR/100
=3200×5×3/100
=32×5×3
=480rs
Compound interest
A=P(1+R/100) raised to N
=3200×(1+5/100)³
=3704.40rs
CI=A-P
=3704.40-3200
=504.40rs
The difference
=504.40-480
=24.40rs
Answered by
0
the answer is 24 rupess
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