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Categorize your doubtAsk Your Questions Here !Please Verify Your Email Address and Phone NumberVerify Phone NumberSend verification text to phone: Your phone no has been successfully verified. Nextbutton Find the difference between the compound interest and the simple interest on an amount of Rs.15000 at 8% per annum for 2 years.
Answer (Detailed Solution Below)Option 3 : Rs. 96 Free SSC GD Previous Paper 2 (Held On: 13 Feb 2019 Shift 1)_Hindi 100 Questions 100 Marks 90 Mins Given: P = 15000, and R = 8%, Time = 2 years Formula used: The difference between CI and SI for 2 years = Pr2/1002 Where, P = Principal, r = rate Calculation: As we know, The difference between CI and SI for 2 years = Pr2/1002 The difference between CI and SI for 2 years ⇒ (15000 × 8 × 8)/(100 × 100) ⇒ Rs. 96 ∴ The difference between CI and SI for 2 years is Rs. 96. Ace your Interest preparations for Simple and Compound Both with us and master Quantitative Aptitude for your exams. Learn today! MCQ The difference between compound interest and simple interest on an amount of ₹15000 for 2 years is ₹96. What is the rate of interest per annum? Options
Advertisement Remove all ads Solution8% Sum = difference `× (100/R)^2` ∴ `15000=96xx(100/R)^2` ⇒ `R^2=(96xx1000)/15000 ⇒ R= 8%` Concept: Simple and Compound Interest (Entrance Exam) Is there an error in this question or solution? Advertisement Remove all ads Advertisement Remove all ads
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What is the compound interest on 15000 for 2 years?A = ₹ 18,816. Q. Calculate the amount on ₹ 15,000 in 2 years at 12 % compounded annually.
What is the formula for difference between compound interest and simple interest for 2 years?We will discuss here how to find the difference of compound interest and simple interest. If the rate of interest per annum is the same under both simple interest and compound interest then for 2 years, compound interest (CI) - simple interest (SI) = Simple interest for 1 year on “Simple interest for one year”.
What is the difference in simple interest and compound interest on Rs 15000?The difference between compound interest and simple interest on an amount of ₨. 15,000 for 2 years is ₨ 96. What is the rate of interest per annum?
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The difference between compound interest and simple interest on an amount of 15000 for 2 years is 96
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