Question

find the difference in simple interest and compound interest on 5000 Rupees at 20% per annum for 3 years​

Answer 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

Answer 2

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