Mathematics
Simple interest, at the same rate for the same period as given above in part (c) is :
₹ 7040
₹ 6400
₹ 3200
₹ 1280
Compound Interest
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Answer
By formula,
S.I. =
Substituting values we get :
Hence, Option 2 is the correct option.
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Related Questions
₹ 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
The difference between C.I. and S.I. in 2 years as given above for parts (c) and (d) is :
₹ 640
₹ 3840
₹ 1920
₹ 1280
The difference between simple interest and compound interest on a certain sum is ₹ 54.40 for 2 years at 8 percent per annum. Find the sum.