Question

Find the difference of compound interest
and simple interest on Rs 1600at 6% for
3
years.​

Answer 1

Answer:

17.6256 Rs

Step-by-step explanation:

a=p *1+(r/100)^t

= p = Rs 1600

  r= 6%

  t= 3 years

Therefore , amt. = 1600 * (1+6/100)^3

                           =1600*(106/100)^3

                           =1905.6256 Rs

CI = Amt - P = 1905.6256  -1600 = 305.6256 Rs.

SI = PTR /100

  =1600 * 3 *6 /100

   = 288 Rs.

therefore , CI - SI = 305.6256 - 288

                            = 17.6256 Rs

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