Question

The difference between the compound interest and the simple interest on a sum of ₹42500 for 3 years at a rate of 8% p.a. will be _____________ (let's see who find the answer first)​

Answer 1

Answer:

Please mark it as brainliest.

Step-by-step explanation:

C.I.

$amount = 42500(1 + \frac{8}{100}) {}^{3} \\ = 42500 \times \frac{108}{100} \times \frac{108}{100} \times \frac{108}{100} \\ = 53537.76 \\ c.i = 53537.76 - 42500 \\ = 11037.76$

S.I.

$42500 \times \frac{8}{100} \times 3 \\ = 10200$

Now C.I - S.I = 11037.76 - 10200

= 837.76