Difference between CI and SI of Three Years question

Difference between CI and SI of Three Years questions


Example #1
Find the approximate difference in Simple interest and Compound interest on an amount of Rs.2800/- at 12% per annum at the end of 3 years?

  1. Rs.100/-
  2. Rs.126/-
  3. Rs.154/-
  4. Rs.175/-

Show Answer Show How to Solve Open Rough Workspace

Answer: Option (B)
How to Solve
Formula: CI – SI = P ( R / 100 )2 x ( 300 + R / 100)
2800 x (12)2 x (300 + 12) / 100 x 100 x 100
= Rs.126/-
Rough Workspace

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