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

• 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
  
• 11 years agoHelpfull: Yes(0) No(0)