Question

The difference between the simple interest and compound interest on Rs. 20000 at 20% per annum for three years is _________​

Answer 1

Answer:

Rs. 256

Step-by-step explanation:

20%=1/5

I assume P as

P= 5^3 =125

so

Si Ci

25 25 1 st year

25 30 2nd year

25 36 3rd year

------------------------------

75 91

if P=125 , difference is 91-75=16

125 16

20000 x

x=256