Question

Hey guys ✌✌

find the difference between simple interest and compound interest if principal =35,000 ,Rate =4% per annum, and n=3 years.

I want answers with full explanation
Answer = ₹17​

Answer 1

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Answer 2

Answer:

Step-by-step explanation:

SI =P.R.T/100

So SI =3500x4x3/100

SI=420rs

And CI =P(1+(R/100)^T-P

CI=3500(1+4/100)^3-3500

CI=3937-3500

CI=437

Difference between ci and si =437-420

=17rs

Hope u understood