Question

What will be the difference between simple interest and compound interest for Rs 8000 at 5% per annum for one year?​

Answer 1

Answer:

Step-by-step explanation:

C. I

a=8000(1+5/100)^3

=8000×105/100×105/100×105/100

=8×105×105/10×105/100

=9261

c. i=9261-8000

=1261

S. I=p×r×t÷100

=8000×5×3/100

=80×5×3

=1200

difference =c. I -s. i

=1261-1200

=61

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