Question

*What is the difference between amounts for 2 years and 3 years for Rs. 500 at 10% compound interest?*

1️⃣ ₹.665.50
2️⃣ ₹ 60
3️⃣ ₹ 60.50
4️⃣ ₹ 605​

Answer 1

Step-by-step explanation:

(Principle × Rate × Time) ÷ 100

2 years : (500 × 10 × 2) ÷ 100

= 100

3 years = 5 × 10 × 3 = 150

and,

150 - 100 = 50

so your answer is 50

hope this helps :)