Q1 of 30 Page 128

Write the proper numbers in the blanks in the table below.

Given: Principal (P) = Rs. 20000, Rate of Interest (R) = 5% and Number of years (n) = 3year

As simple interest (SI):




⇒ SI = Rs. 3000


As Amount (A):






⇒ A = Rs. 23152.50


As compound interest (CI),


CI = A - P


CI = 23152.50 - 20000


⇒ CI = Rs.3152.50


Difference between CI and SI is :


D = CI – SI


⇒ D = 3152.50 – 3000


⇒ D = Rs. 152.50


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