Multiple choice

What is the difference between compound interest and simple interest at the rate of 12% at the end of three years on a sum of Rs. 12000. रू. 12000 की राशि पर 12% की दर पर 3 वर्ष के अन्त में उपचित चक्रवृद्धि ब्याज और साधारण ब्याज के बीच क्या अन्तर है ?

  1. Rs.539.136

  2. Rs.602.242

  3. Rs.495.248

  4. Rs.488.322
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A Correct answer
Explanation

Simple Interest = P × R × T / 100 = 12000 × 12 × 3 / 100 = Rs. 4320. Compound Interest = P × (1 + R/100)^T - P = 12000 × (1.12)³ - 12000 ≈ Rs. 4859.136. The difference is Rs. 4859.136 - Rs. 4320 = Rs. 539.136.

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