Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 y

1.	Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 years compounded annually?1). 22.032). 243). 114). 21.75
Answer» For THREE years, difference, by formula ⇒ A = P (1 + R/100)³ ⇒ A = 2000(1 + 6/ 100)³ ⇒ A = 2000(106/100) ³ ⇒ A = 2382.032 ⇒ CI = 2382.032 - 2000 = 382.032 ⇒ SI = (P × R × t)/(100) ⇒ SI = (2000 × 6 × 3)/100 = 360 ∴ CI - SI = 382.032 - 360 = 22.032

Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 years compounded annually?1). 22.032). 243). 114). 21.75

Answer»

For THREE years, difference, by formula

⇒ A = P (1 + R/100)³

⇒ A = 2000(1 + 6/ 100)³

⇒ A = 2000(106/100) ³

⇒ A = 2382.032

⇒ CI = 2382.032 - 2000 = 382.032

⇒ SI = (P × R × t)/(100)

⇒ SI = (2000 × 6 × 3)/100 = 360

∴ CI - SI = 382.032 - 360 = 22.032

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Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 years compounded annually?1). 22.032). 243). 114). 21.75

Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 years compounded annually?1). 22.032). 243). 114). 21.75

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