what is difference between the compound interest and simple interest accrued on an amount of Rs .12000 at the end of three years at the rate of 10%?
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Answer:
372 Rs
Step-by-step explanation:
Time = 3, Principal = 12000 ,Rate = 10
SI =( 12000×3×10)/100
= 3600Rs
Amount of total CI = 12000 ×(1 + 10/100) ^ 3
= 12000 × (11/10)^3
= 12000 × 1331/1000
= 15972Rs
Amount - Principal = CI
15972 - 12000 = 3972Rs
Difference between SI and CI = 3972-3600
=372Rs
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