Question

what is the difference betweem the simple interest and the compund interest on rs 12000 at 15% p.a. for 3 years​

Answer 1

Answer:

SI=12000×(15/100)×3=1800×3=3600

CI=12000×(1+0.15)^3 - 12000

=12000{1.15)^3-1)

12000(1.52-1)=12000×0.52=6240

CI-SI=6240-3600=2640