New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The difference between the simple interest and the

    compound interest on 25000/- at 10% per annum for 2 years is:
    A ₹250 Correct Answer Incorrect Answer
    B ₹480 Correct Answer Incorrect Answer
    C ₹233 Correct Answer Incorrect Answer
    D ₹235 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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