Question

Find the difference between the simple interest and the compound interest on rs 30000 for 4 years at a rate of 12% p.a compounded annually.step step explanation please
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Answer 1

Answer:

Ci= p{(1+r/100)^n-1}

30000{(1+12/100)^4-1}

30000{(100+12/100)^4-1}

30000{(112/100)^4-1}

30000{4,04,928/100000-1

Therefore ci = 6751.29

Si= pxrxt/100

30000x7x3/100

=6300

Therefore si =6300

There difference= 6751.29 - 6300=451.29 answer.

Answer 2

Answer:

hope it helps.........,