1.

What will be the difference between simple interest and compound interest on sum of Rs 6000 in 2 years at the rate of interest of 5% p.a. (1) Rs 15 (2) Rs 20 (3) Rs 30 (4) Rs 10

Answer»

(1) Rs 15

cl = 6000 (1 + 5/100) - 6000

= 6000 x 441/400 - 6000

= 615

si = 6000 x 5 x 2 / 100 = 600

∴ difference = Rs 15



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