Question

what is the difference between the compound interest and the simple interest on a sum of ₹ 4500 for 3 years at the rate of 8% per annum?​

Answer 1

Answer:88.704

Step-by-step explanation:

A=P(1+R/100)^T

4500(1+8/100)^3

4500(108/100)^3

4500*27/25*27/25*27/25=5668.704 rs

CI=A-P

5668.704-4500=1168.704

SI=PRT/100

4500*8*3/100=1080rs

Difference between CI and SI=1168.704-1080=88.704 rs

Hope u understood

Pls mark as brainliest...