Question

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

Answer 1

Answer:

d = difference

d =P(r/100) 2 (3+r/100)

= 1000000 (4/100) 2 (3+ 4/100)

= loooooox 16/10000x304/100

= 100x16x304=Rs.4864. Ans