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      Question

      The difference between the simple interest and the

      compound interest on 25000/- at 10% per annum for 2 years is:
      A β‚Ή250 Correct Answer Incorrect Answer
      B β‚Ή480 Correct Answer Incorrect Answer
      C β‚Ή233 Correct Answer Incorrect Answer
      D β‚Ή235 Correct Answer Incorrect Answer

      Solution

      C.I - S.I = P × (R/100)2 ⇒ 25000 × (10/100) ⇒ 25000 × (10/100) × (10/100) ⇒ Rs.250 ∴ The difference between compound and simple interest will be Rs.250.

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