πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    The difference between the compound interest compounded

    annually and simple interest of a sum at 18% p.a. for 2 years is Rs. 324. Find the sum.
    A Rs 8000 Correct Answer Incorrect Answer
    B Rs 10000 Correct Answer Incorrect Answer
    C Rs 12000 Correct Answer Incorrect Answer
    D Rs 15000 Correct Answer Incorrect Answer

    Solution

    Let the sum = Rs. P
    Using formula, Difference = P(R/100)Β²
    So, 324 = P(18/100)Β²
    Or, P = Rs 10,000

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question