Business Studies, asked by hitakshimahajan407, 1 year ago

The difference in the simple interest and compound interest on a principal of rs.1000000 in 3 years at 4% per annum is

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Answered by zaira41
50
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Answered by Arslankincsem
29

The Simple interest on the Principal of Rs 10, 00,000 at the rate of 4% per annum for 3 years is going to be the following:


Simple Interest = Rs1,20,000.


The Compound interest on the Principal of Rs 10, 00,000 at the rate of 4% per annum for 3 years is going to be the following:


Compound interest = Rs.9,853.41


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