Question

What is the difference between the compound interest and simple interest accrued on an amount of  ₹12000 at the end of 3 years at the rate of 12%?

पर्याय

• ₹539.136

• ₹602.242

• ₹495.248

• ₹488.322

Answer 1

₹539.136
Explanation : 
We have, P = ₹12000, r = 12% and t = 3 yr

∴ Required difference = `(Pr^2(300+r))/(100)^3`

= `(12000xx12xx12xx312)/(100xx100xx100)=₹539.136`