Find the difference between the compound intrest and simple interest on Rs.15,000 for 3 year at 12% p.a compound annually​

By Eva

Find the difference between the compound intrest and simple interest on Rs.15,000 for 3 year at 12% p.a compound annually​

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Eva

2 thoughts on “Find the difference between the compound intrest and simple interest on Rs.15,000 for 3 year at 12% p.a compound annually​”

  1. Answer:

    40.91

    Step-by-step explanation:

    Given,

    principle = 15000

    rate = 3 %, Time = 3 year

    S.I=

    100

    15000×3×3

    =1350 SI=

    100

    principle×rate

    C.I=principle[(1+ 1

    100

    rate

    )

    time

    −1]

    =15000[(1+

    100

    3

    )

    3

    −1]

    =

    1000000

    15000

    (103

    3

    −100

    3

    )

    = 1000

    15×92727=1390.905

    C.I−S.I=1390.905−1350

    =40.905≈40.91

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