The difference in the simple intrest and compound intrest on a principal of rs 1000000 in 3 yrs at 4% per anum is
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SI=(1000000*3*4)/100=120000rs
CI=1000000 (1+4/100)*(1+4/100)*(1+4/100)*
=1000000*26/25*26/25*26/25
64*26*26*26=17576*64=1124864
Difference =1124864-120000=1004864 rs
CI=1000000 (1+4/100)*(1+4/100)*(1+4/100)*
=1000000*26/25*26/25*26/25
64*26*26*26=17576*64=1124864
Difference =1124864-120000=1004864 rs
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