The difference between C.I. and S.I. on ₹ 7500 for two years is ₹ 12 at the same rate of interest per annum. Find the rate of interest.
Compound Interest
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Question

The difference between C.I. and S.I. on ₹ 7500 for two years is ₹ 12 at the same rate of interest per annum. Find the rate of interest.

KnowledgeBoat · Accepted Answer

Given, P = ₹ 7500 Time = 2 years Let rate of interest be r%. By formula, S.I. = Substituting values we get : By formula, C.I. = A - P The difference between C.I. and S.I. on ₹ 7500 for two years is ₹ 12. ∴ C.I. - S.I. = ₹ 12 Hence, rate of interest = 4%.

Mathematics

The difference between C.I. and S.I. on ₹ 7500 for two years is ₹ 12 at the same rate of interest per annum. Find the rate of interest.

Compound Interest

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