Question

What is the difference between compound interest and simple interest for 3 years at a rate of interest 10% per annum for Rs 1000 ?
(i) 31
(ii) 30
(iii) 32
(iv) 33​

Answer 1

Answer:

1RS

Step-by-step explanation:

S.I=P×R×T/100.

=1000×10×3/100

=300RS

A=P×(R+1/100)×T

=1000×(10+1/100)×3

=1331RS

C.I=A-P

= 1331-1000

=331RS

THEIR DIFFERENCE= C.I-S.I

= 331-300

=1RS