Mathematics

The difference between C.I. and S.I. in one year on ₹ 5000 at the rate of 10% per annum is :

  1. ₹ 00

  2. ₹ 500

  3. ₹ 5500

  4. ₹ 5250

Compound Interest

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Answer

For one year and interest being compounded annually,

Simple interest = Compound interest

∴ Difference between S.I. and C.I. = 0.

Hence, Option 1 is the correct option.

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