find the difference in simple interest and compound interest on 5000 Rupees at 20% per annum for 3 years
Answers
Answered by
1
Answer:
Step-by-step expl
Si=5000×20×3/100
=3000
Ci=5000(1+20/100)³-5000
=5000×216/125-5000
=40×216-5000
=8640-5000
=3640
CI-SI
=3640-3000
=640
Answered by
0
Answer:
Step-by-step explanation: formulae of simple interest = P×T×R/100
5000×3×20/100 =3000
Formula of compound interest=A=p(1+r/100)^t
5000(1+20/100)^3 =8640
NOW. the difference between them is 8640-3000 =5640
Similar questions