Show Complete step-by-step solution - Note: Alternatively we can solve the question by using the simple interest method. But we will not get the same answer always instead we will get an approximate result. The method is done below. What will be the simple interest on 12000 10% per annum for 3 years?Now Compound interest = A - P ⇒ Compound interest = Rs. 15972 - Rs. 12000 = Rs. 3972.
What will be the compound interest on a sum of 12000 for 3 years?Therefore, Compound interest on the given sum will be Rs. 3972.
What is the compound interest on rupees 10000 at 10% for 3 years?10000 (1+10100)3=Rs. 10000×1110×1110×1110=Rs. 13310C.I.
What will be the simple interest on rupees 20000 at 10% per annum for 3 years?So, C.I = 26,620 - 20,000 = ₹ 6,620.
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