Question

principle amount=100000, rate of interest=12%PA, time is given as 5 years then find simple and compound interest​

Answer 1

Answer:

simple interest:100,000 x 12 x 5                                                                                                               a                                  100

                         =1000 x 12 x 5

                         =60,000    

compound interest:100,000(1+12)⁵-100,000                                                                                                     A                                           100

                                =1000 X 371,293-100,000

                                =371,193,000

FYI I AM NOT GOOD AT COMPOUND INTEREST BUT THE SIMPLE INTEREST IS CORRECT

Step-by-step explanation:

Answer 2

Answer:

given

p=100000

r=12%

t=5

simple interest =p*r*n/100

100000*12*5/100

1000*12*5

rs60000

compound interest

[p*n*r]+p

[100000*1.2*5]+100000

1,60,000

I think this will help u

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