the difference between the simple interest and the compound interest on Rs.500.00 for 3 years interest 10% p.a. is-
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S. I = PRT/100
= 500×10×3/100
=150 rupees
C. I=A-P
A=P(1+R/100)^n
= 500(1+10/100)³
=500(1+1/10)³
=500(11/10)³
=500×11/10×11/10×11/10
=665.5 rupees
C. I = A-P
= 665.5-500
=165.5 rupees
difference =C. I - S I
=165.5-150
= 15.5 rupees
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