find the difference between the compound interest and the simple interest on the 30000 at 7% per annum for 3 years
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interest=30000*7*3/100=6300
compound interest= {30000*(1+7/100) cube }-30000=36751.29-30000=6751.29
so the difference is =(6751.29-6300) =451.29
compound interest= {30000*(1+7/100) cube }-30000=36751.29-30000=6751.29
so the difference is =(6751.29-6300) =451.29
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