Question

The difference in simple interest and compound interest on a principal of rs. 10,00,000 in 3 years at 4% per annum is

Answer 1

Hii

you are welcome in my ans

si =p*r*t/100

ci = p(1+r/100)^t

per annum is 15000

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Hope it may helps you

Answer 2

Answer:

ans-4864

Explanation:

p=1000000  R=4%   n=3

S.I=1000000*4*3/100

=120000

C.I

A=1000000[1+4/100]^3

=1,124,864

CI=1124864-1000000

=124864

Difference=124864-120000

               =4864