Difference
between C.I and S.I
• There is
no difference in C.I and S.I for the first year or the first conversion period.
• For 2 years,
the difference in C.I and S.I is
C.I – S.I
=P (r/100 )2
• For 3 years,
the difference in C.I and S.I is
Example 4.18
Find the
difference in C.I and S.I for
(i) P = ₹5000,
r = 4% p.a, n = 2 years.
(ii) P =
₹8000, r = 5% p.a, n = 3 years.
Solution:
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