Question

find the difference between the compound interest and the simple interest on red 32000 at12% perannum for 3years​

Answer 1

Answer:

ans 44789.76

Explanation:

P=32000

R=12%

T=3y

Simple intetest:-

S.I.= p×r×t/100

so, 32000×12×3/100=11520

P for first y= 32000 so, formula =p×r×t/100

so,32000×12×1/100=3840

A=p+I

=32000+3840=35840

P for 2nd y=35840 so, p×r×t/100

so, 35840×12×1/100=4300.8

A=p+I =35840+4300.8=40140.8

P for 3rd y=40140.8 so,p×r×t/100

so,40140.8×12×1/100=48168.96

Compound interest:-

for 3y=3840+4300.8+48168.96=56309.76

Now,difference=C.I - S.I

=56309.76-11520

=44789.76Ans.

I hope it helps