Question

The difference between compound
interest and simple interest on Rs. 8000
at 5% per annum for 3 yr is :
(A) Rs. 50 (B) Rs. 60
(C) Rs. 61 (D) Rs. 600​

Answer 1

Answer:

c) 61

Step-by-step explanation:

ci = P(1+(R/100))n

si = P*R*T/100