Question

The difference between CI and SI on Rs.10,000 at 25 % per annum for 3 years is *

Answer 1

Answer:

We know that difference between CI and SI for 2 years is

10000

PR

2

⇒25=

10000

10000R

2

⇒R

2

=25

⇒R=±5 ignoring negative value

∴R=5

Rate of interest is 5% p.a.