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