Question

5.
Find out the difference of simple interests for 2 years and 3 years on a sum of
2100rs. at 8% per annum?
(a) 168
(6) 172
(c)* 176
(d)* 150​

Answer 1

Answer:

SIMPLE INTEREST

= Sum ( or Principal ) × Rate × Time / 100

FOR 2 YEARS : -

= 2100 × 8 × 2 / 100

= 21 × 16 = 336

FOR 3 YEARS : -

= 2100 × 8 × 3 / 100

= 21 × 24 = 504

A/Q : -

Difference Of S.I = 504 - 336 = 168