QUESTION : Find the difference between compound interest and simple interest on ₹45000 at 12% p. a. for 5 years.
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a=p(1+12/100)5
a=450(112)5
a=450*560
a=252000
c.i.=252000-45000
c.i.=207000
s.i.=45000*12*5/100
s.i.=450*60
s.i.=27000
c.i.-s.i.=180000
a=450(112)5
a=450*560
a=252000
c.i.=252000-45000
c.i.=207000
s.i.=45000*12*5/100
s.i.=450*60
s.i.=27000
c.i.-s.i.=180000
shonyaa:
no, that's not the ans.
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