Question

The difference between compound interest and simple interest on a certain sum for 2 years @ 10% p.a. Rs. 10. Find the sum:

a) Rs 1010 b) Rs.1095 c) Rs.1000 d) Rs. 990

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Answer 1

Answer:

C

Step-by-step explanation:

• S.I -C.I= P (r/100)^2.
• Answer 10= P(10/100)^2.
• 10=P(1/100)
• P = 10*100=1000

Answer 2

Step-by-step explanation:

option b is correct