Question

The compound interest on a sum of money for 2 years is rupees 832

Answer 1

SI for 1 years = Rs. 400
SI on Rs. 400 for 1 year = Rs.(832-800)
Rate = 32/400 * 100 = 8%
Difference for 3rd year = SI on Rs. 832
Rs. 832* 8/100 * 1 = 66.56
Total difference = Rs.(32+66.56) = Rs. 98.56