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 three years?

Answer
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/-
 

 

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