Latest CAT Aptitude Question SOLUTION: What is the difference between the compound interestand simpleinterest accrued on an amount of Rs. 16,200/- at the end of three years @ 25%?

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(#M40017458) CAT question Keep an EYE

What is the difference between the
compound interestand simpleinterest
accrued on an amount of Rs. 16,200/-
at the end of three years @ 25%?

Asked In CAT MohanRaj (11 years ago)

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kumar sonu  (11 years ago)

si=p*r*t/100 and ci= p(1+r)^t if coumpound intrest compounded year otw
ci=p(i+r/n)^nt where n= number of times the interest is compounded per year r=rate
p=price
t=time
by calculation of this formula si=12150 and ci=15440.63
so diff of ci-pi=15440.63-12150=3290.63

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