Mathematics
On ₹ 6000, the difference between C.I. and S.I. in 2 years and at 10% compound interest, compounded per year, is :
₹ 120
₹ 600
₹ 60
₹ 180
Compound Interest
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Answer
For S.I. :
Principal = ₹ 6000
Rate = 10%
Time = 2 years
S.I. = = ₹ 1200.
For C.I. :
C.I. = A - P
Difference between C.I. and S.I. = ₹ 1260 - ₹ 1200 = ₹ 60.
Hence, Option 3 is the correct option.
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Related Questions
The simple interest on a certain sum of money at 10% per annum is ₹ 6000 in 2 years. Find :
(i) the sum
(ii) the amount due at the end of 3 years and at the same rate of interest compounded annually.
(iii) the compound interest earned in 3 years.
Find the difference between compound interest and simple interest on ₹ 8000 in 2 years and at 5% per annum.
₹ 10000 amounts to ₹ 12500 in one year. The rate of interest per year is :
15%
12.5%
20%
25%
The C.I. on ₹ 16000 in 2 years at the rate of 20% per annum is :
₹ 19360
₹ 7040
₹ 23040
₹ 22400