Difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is _____ ?

– by 0

A. Rs 61
B. Rs 600
C. Rs 50
D. Rs 60

P=Rs 8000R=5%T=3 years.S.I=PTR100
=8000×3×5100
=1200.C.I=P(1+R100)T−P
=8000(1+5100)3−8000
=9261−8000=1261.∴ Difference between C.I and S.I
=Rs (1261−1200)=Rs 61

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