Find the difference between the compound intrest and simple interest on Rs.15,000 for 3 year at 12% p.a compound annually About the author Eva
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 Reply
Answer:
it is an compound interest OK
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