Question

1 point
5) What will be the difference
between simple and compound
interest at 10% p.a on a sum of
Rs.1000 after 2 years?
O (a) Rs. 10
O (b) Rs. 12.10
O (c) Rs.14.35
O (d) Rs.8​

Answer 1

Answer:

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Answer 2

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$\red{Correct \: \: option \: \: is \: \: Ⓓ}$

$\purple{answer \: \: = \: Rs. 64.10}$

• Principal=1000  Rs.
• Time=4 years
• Rate of interes=10%

Then Simple interest =100÷(1000×10×4)=400Rs

Compound interest = Amount − Principal

Amount =1000(1+10010)4

⇒1000×100110×100110×100110×100110×

⇒1464.10Rs.

C.I.=1464.10−4000=464.10Rs.

Difference between C.I and S.I.=464.10−400=64.10Rs.