Question

Find the difference between the compound interest the simple interest on₹30000
7 % per annum for three years​

Answer 1

Answer:

principal = 30,000 RS

C.l = 4347 RS

Rate of interest = 7%

Amount = Principal + C.l

Amount = 30,000 + 4347 = 34347 Rs

Step-by-step explanation:

i hope this answers would help you

Answer 2

Step-by-step explanation:

first find simple interst

SI=PRT/10

=30000×7×3/100

=6300

then find compound interest

CI= p(1+r/100)*n -p

CI= 30000(1+7/100) *3-30000

CI=30000×(107/100) *3-30000

CI=30000×(1.07) *3-30000

CI=30000×1.225043-30000

CI=36,751.29-30000

CI=6751.29

difference

CI -SI

=6751.29-6300

=451.29 ans