Correct option is A
Given:
Difference between compound interest and simple interest for 3 years = ₹93
Rate of interest per annum = 10%
Time period = 3 years
Formula Used:
Difference between CI and SI for 3 years =
Solution:
Given:
Difference between compound interest and simple interest for 3 years = ₹93
Rate of interest per annum = 10%
Time period = 3 years
Formula Used:
Difference between CI and SI for 3 years =
Solution:
If at the same rate of interest, in 2 years, the simple interest is Rs. 40 and the compound interest is Rs. 44, then what is the principal (in Rs.)?
Find the difference between the simple interest and compound interest, compoundedannually, on an amount of ₹35,000 at 12% for 3 years.
The difference between simple and compound interests, compounded annually, on acertain sum of money for 2 years at 5% per annum is ₹1,600. Find the sum (in ₹).