Question

find the diffrence SI and CI on 15625 at 12% per annum for 3 years​

Answer 1

Dear Student,

◆ Answer -

Difference = 702 Rs

◆ Explaination -

Simple interest for 3 yrs is calculated as -

SI = P × r × t

SI = 15625 × 12/100 × 3

SI = 5625 Rs

Compound interest for 3 yrs is calculated as -

CI = P(1+r)^t - P

CI = 15625(1+12/100)^3 - 15625

CI = 15625 × 1.12^3 - 15625

CI = 21952 - 15625

CI = 6327 Rs

Difference between CI and SI is -

Difference = CI - SI

Difference = 6327 - 5625

Difference = 702 Rs

Therefore, difference between CI and SI is 702 Rs.

Thanks dear...

Answer 2

Answer:

702

45545556

4553358

2366224