Question

what will be the difference between simple and compound interest @ 10% per annum on a sum of rupees thousand after 2 years?
A) Rs 50
B) Rs 80
C) Rs 100
D) Rs 10

Answer 1

Answer:

D) Rs 10

Step-by-step explanation:

Given ,

Principal(P)=Rs1000

R=10%

Time=2 years

CI-SI= Rs 10

Answer 2

Answer:

D = P(r/100)²

D = 1000*10*10/100*100 = 10 (Ans)