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What is the difference between the simple interest and compound Interest for 2 years on Rs. 2560 at the rate of 25 % p.a.?1. 6502. 1603. 2504. 2005. None of the above |
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Answer» Correct Answer - Option 2 : 160 Given: P = Rs. 2560 R = 25% p.a. Formula used: Difference = P × (R/100)2 Calculation: According to given ⇒ Difference = 2560 × (25/100)2 ⇒ Difference = 160 ∴ required difference is Rs. 160 |
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