1.

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

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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