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What Will Be the Difference in Simple and Compound Interest on Rs. 2, 000 After Three Years at the Rate of 10 Percent per Annum?

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प्रश्न

What will be the difference in simple and compound interest on Rs. 2, 000 after three years at the rate of 10 percent per annum?

विकल्प

  • Rs. 60

  • Rs. 42

  • Rs. 62

  • Rs. 40

MCQ
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उत्तर

Rs. 62

Explanation:

`"CI" − "SI"="P"(1+"R"/100)^3-"P"-"PRT"/100`

`=2000(1+10/100)^3 - 2000 - (2000xx3xx10)/100`

= 2662 − 2000 − 600 = ₹ 62

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Simple and Compound Interest (Entrance Exam)
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