The difference between compound interest and simple interest on ₹ 10,000 for 2 years at 10% per annum is

Correct option is A

Given:
Principal (P) = ₹10000
Time (T) = 2 years
Rate (R) = 10% per annum
Formula Used:
Difference between CI and SI for 2 years = $$P(\frac{R}{100})^2$$​​
Solution:
Substitute the given values into the direct formula.
Difference = $$10000 × (\frac{10}{100})^2$$​​
= 10000 × $$(\frac{1}{10})^2$$​​
 = 10000 × $$\frac{1}{100}$$​​
= 100
Final Answer
So the correct answer is (a)