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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
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.
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