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%? - Mathematics
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%?
We have, P = ₹12000, r = 12% and t = 3 yr
∴ Required difference = `(Pr^2(300+r))/(100)^3`
Concept: Simple and Compound Interest
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