Find out Difference between SI and CI if p=1000000 r=4% ant t=3 yr?
Select.
A) 4864
B) 4854
C) 4844
D) 4868
E) 4866
p=1000000, r=4% annual , t=3 yr   SI = p*r*t/100 = 1000000*4*3/100= 
<gadget id="calculator">1000000*4*3/100</gadget>
<output>120_000</output>
120000   CI= p[(1+ r/100)^t -1] = 1000000[(1+ 4/100)^3 -1] = 124864   difference = CI - SI = 124864 - 120000= 
<gadget id="calculator">124864 - 120000</gadget>
<output>4_864</output>
4864   4864NSWER:4864
<result>A</result>
Find out Difference between SI and CI if p=1000000 r=4% ant t=3 yr?