29
Find the difference between CI and SI Rs. 2000 at a rate of 6% for 3 years compounded annually?
- A22.03
- B24
- C11
- D21.75
Answer not set
Discussion 1
Log in or create a free account to reply and vote.
0
CCommunity
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
⇒ 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