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... A. 8 B. 10 C. 12 D. Cannot be determined E. None of these Answer: Option A Solution(By Examveda Team) $$\left[ {15000 \times {{\left( {1 +
\frac{R}{{100}}} \right)}^2} - 15000} \right]$$ $$ - $$ $$\left( {\frac{{15000 \times R \times 2}}{{100}}} \right)$$ $$ = 96$$ Click here to read 1000+ Related Questions on Compound Interest(Arithmetic Ability)Join The DiscussionComments ( 1 )Related Questions on Compound Interest 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. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple and Compound Both. What is the compound interest on Rs 15000 for 2 years?A = ₹ 18,816. Q. Calculate the amount on ₹ 15,000 in 2 years at 12 % compounded annually.
What will be the compound interest on 15000 for 2 years at 7% per annum?CI = 3150 Rs
Therefore, compound interest is 3150 Rs.
What is the difference between the compound interest and simple interest on rupees 10000 for 2 years at 6.5 per annum?Detailed Solution
The difference between compound interest and simple interest on Rs. x at 6.5% per annum for 2 years is Rs. 33.80.
What is the difference between SI and CI on Rs 15000 at 10% per annum for 2 years?The difference between C.I and S.I on the amount of Rs. 15000 for 2 years is Rs. 96 .
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What is the difference in simple interest and compound interest on ₹ 15000 for 2 years at 6% pa compounded annually?
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