Question

p = 60000 R = 9 p.c.p.a N = 9 years. SI =? CI = ? A=?​

Answer 1

Step-by-step explanation:

Given: Principal (P) = Rs. 60000, Rate of Interest (R) = 9% and Number of years (n) = 3year

As simple interest (SI):





⇒ SI = Rs. 16200

For compound interest:

As Amount (A):







⇒ A = Rs. 77701.7

As compound interest (CI),

CI = A - P

CI = 77701.7 - 60000

⇒ CI = Rs.17701.74

Difference between CI and SI is :

D = CI – SI

⇒ D = 17701.74 – 16200

⇒ D = Rs. 1501.74

The more interest would sunitabi have had to pay = Rs.1501.74