Find the difference between the simple
interest and the compound interest on an
amount of Rs 23,000 invested for 3 years
an interest rate of 10% per annum.
Difference = Rs
|
Answers
Answered by
1
Answer:
⇒ P=Rs.20,000,T=2years and R=8%.
⇒ S.I.=
100
P×R×T
⇒ S.I.=
100
20000×8×2
∴ S.I.=Rs.3200.
⇒ C.I.=P(1+
100
R
)
T
−P
⇒ C.I.=20,000×(1+
100
8
)
2
−20,000
⇒ C.I.=23,328−20,000
∴ C.I.=Rs.3328.
⇒ C.I.−S.I=Rs.3328−Rs.3200=Rs.
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