principle =1500,rate= 10%, time=3yrs what is amount on SI and CI and difference
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principal=1500 , rate=10%,time= 3yrs
SI=P×R×T÷100
=1500×10×3÷100
=450
.
principal for first year=1500
Interest " " " =150
amount " " " =1650
principal for second year=1650
interest " " " =165
amount " " " =1815
principal for third year =1815
interest " " " =181.5
amount " " " =1996.5
CI=Amount - principal
=1996.5 -1500
=496.5
difference between CI and SI
CI-SI
=496.5-450
=46.5
SI=P×R×T÷100
=1500×10×3÷100
=450
.
principal for first year=1500
Interest " " " =150
amount " " " =1650
principal for second year=1650
interest " " " =165
amount " " " =1815
principal for third year =1815
interest " " " =181.5
amount " " " =1996.5
CI=Amount - principal
=1996.5 -1500
=496.5
difference between CI and SI
CI-SI
=496.5-450
=46.5
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