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Find out the difference of simple interest for 2 years and 3 years on a sum of Rs. 2100 at 8% per annum?1. Rs. 1682. Rs. 1723. Rs. 1764. Rs. 150 |
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Answer» Correct Answer - Option 1 : Rs. 168 Given: Principal = Rs. 2100 Rate of interest = 8% Time period = 2 years and 3 years Concept used: S.I for each and every year is the same. So, the difference will be interest for 1 year S.I = PRT/100 Calculation: S.I for 1 year = Rs. (2100 × 8)/100 ⇒ Rs. 168 ∴ The required difference is Rs. 168 |
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