Mathematics
The difference between C.I. and S.I. at 10% in 2 years on ₹ 100 is:
₹ 1
₹ 41
₹ 00
none of these
Compound Interest
2 Likes
Answer
For S.I. :
P = ₹ 100
R = 10%
T = 2 years
For C.I. :
For 1st year :
P = ₹ 100
T = 1 year
R = 10%
Amount = P + I = ₹ 100 + ₹ 10 = ₹ 110
For 2nd year :
P = ₹ 110
R = 10%
T = 1 year
Amount = P + I = ₹ 110 + ₹ 11 = ₹ 121.
C.I. = Final amount - Initial principal = ₹ 121 - ₹ 100 = ₹ 21.
Difference between C.I. and S.I. = ₹ 21 - ₹ 20 = ₹ 1.
Hence, option 1 is the correct option.
Answered By
2 Likes
Related Questions
The ages of Pramod and Rohit are 16 years and 18 years respectively. In what ratio must they invest money at 5% p.a. compounded yearly so that both get the same sum on attaining the age of 25 years ?
The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:
₹ 1,200
₹ 1,400
₹ 800
₹ 1,440
A certain sum of money (₹ P) is lent for years at r% C.I. compounded half yearly. The interest accrued will be:
A certain sum of money (₹ P) is lent for years at r% C.I. compounded yearly. The interest accrued will be: