Question

1. Calculate the difference between the compound interest and simple interest on Rs 10000 in 2 years at 10% per annum.​

Answer 1

Answer:

Correct option is

B

2000

We know that simple interest is , SI=PRT/100

Where , P=principleamount

R=rate

T=timeperiod

Given : P=Rs10000

R=10%perannum

T=2years

SI=(10000×10×2)/100

SI=Rs2000

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