No products in the cart.

Find principal and difference between compound …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Find principal and difference between compound interest and simple interest .when rate is 1/a% and time is 3 years..
  • 1 answers

Sia ? 2 years, 11 months ago

Parameter Simple Interest Compound Interest
Definition Simple Interest can be defined as the sum paid back for using the borrowed money, over a fixed period of time. Compound Interest can be defined as when the sum principal amount exceeds the due date for payment along with the rate of interest, for a period of time.
Formula S.I. = (P × T × R) ⁄ 100 C.I. = P(1+R⁄100)t − P
Return Amount The return is much lesser when compared to Compound Interest. The return is much higher.
Principal Amount The principal amount is constant The principal amount keeps on varying during the entire borrowing period
Growth The growth remains quite uniform in this method. The growth increases quite rapidly in this method.
Interest Charged The interest charged on is for the principal amount. The interest charged on it is for the principal and accumulated interest.
http://mycbseguide.com/examin8/

Related Questions

9 chapter
  • 1 answers
Matrics
  • 0 answers
Xsin^-1 smaklan
  • 0 answers
+*_
  • 1 answers
Vidhya
  • 1 answers
Plzz English medium kre
  • 0 answers
Mool tatva
  • 0 answers
Solution
  • 0 answers
Sin
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App