find the difference between the compound interest and the simple interest on rs 32000 at 12% per annum for 3 years
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simple interst = 32000/100 × 12×3 = 11520 + 32000 = 43520
compound interest = simple interst on interest
=11520 12%
1% of 11520 =115.20
12% of 11520 = 115.20 × 12% =1382.4
compound interest = 32000 + 5222.4 = 37222.4
difference =
compound interest - simple interst
37222.4 - 32000
= 5222.4
the difference between compound interest and simple interst is 5222.4
compound interest = simple interst on interest
=11520 12%
1% of 11520 =115.20
12% of 11520 = 115.20 × 12% =1382.4
compound interest = 32000 + 5222.4 = 37222.4
difference =
compound interest - simple interst
37222.4 - 32000
= 5222.4
the difference between compound interest and simple interst is 5222.4
ketan12813:
please give me right formula of this answer
ok just one minute
sorry bro but I not give the answer of his question I don't know the compound interest
ok
thanks
but you have any math question please tell me
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your name is ketan
yes
ketan tell me what is your std
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