Question

The difference between simple and compound interest on a sum of Rs. 10,000 for 4 years at the rate of interest 10% per annum is ________________ : (a) 650 (b) 640 (c) 641 (d) 600

Answer 1

the correct answer 600

Answer 2

When using formula the SI will come as 4000 and CI as 4641.

Difference= CI-SI

4641-4000= 641

SO THE CORRECT ANSWER IS- 641