Find the difference between SI and CI on ( 12,000 at 9% per annum for

1.	Find the difference between SI and CI on ( 12,000 at 9% per annum for 2 years.
Answer» First , we will calculate the SI = 1200092 /100 = 2160 .Now, CI = Amount -PAmount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20CI = 14257.20-12000 = 2257.20 Difference between CI and SI = 2257.20 - 2160 = 97.2

Find the difference between SI and CI on ( 12,000 at 9% per annum for 2 years.

Answer»

First , we will calculate the SI = 12000*9*2 /100 = 2160 .Now, CI = Amount -PAmount = 12000(1+9/100)^2 = 12000* 109/100 *109/100 = 14257.20CI = 14257.20-12000 = 2257.20

Difference between CI and SI = 2257.20 - 2160 = 97.2

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Find the difference between SI and CI on ( 12,000 at 9% per annum for 2 years.

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