(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount

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(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount $= P \left(1 + \frac{R}{100}\right)^n = 5000 \left(1 + \frac{8}{100}\right)^2 = 5000 \left(\frac{108}{100}\right)^2 = 5000 \times 1.1664 = Rs. 5832$.$CI = \text{Amount} - P = 5832 - 5000 = Rs. 832$.Difference between their interests $= 832 - 600 = Rs. 232$.

Competitive Quantitative Aptitude Interest Compound Interest

Medium

$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

A
$230$
B
$232$
C
$600$
D
$832$

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Quantitative Aptitude Questions

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Interest

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Compound Interest

An amount of ₹ $8000$ was deposited at simple interest for $3$ years at $7.5$ $\%$ per annum. How much more would have been gained (in ₹) had it been deposited at the same rate per cent compound interest?

Medium

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In how many years will a sum of ₹ $800$ at $10 \%$ per annum compound interest,compounded semiannually,become ₹ $926.10$?

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The difference between the compound interest and the simple interest on ₹ $8000$ for $3$ years at $5 \%$ per annum is (in ₹):

Medium

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If the compound interest on a certain sum for $2$ $years$ at $3 \%$ per annum is $Rs. 101.50$,then the simple interest (in $Rs.$) on the same sum at the same rate and for the same time will be:

Medium

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If the simple interest on a sum of money for $2$ years at $5 \%$ per annum is ₹ $50$,what is the compound interest (in ₹) on the same sum at the same rate and for the same time?

Medium

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$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

Similar Questions

An amount of ₹ $8000$ was deposited at simple interest for $3$ years at $7.5$ $\%$ per annum. How much more would have been gained (in ₹) had it been deposited at the same rate per cent compound interest?

In how many years will a sum of ₹ $800$ at $10 \%$ per annum compound interest,compounded semiannually,become ₹ $926.10$?

The difference between the compound interest and the simple interest on ₹ $8000$ for $3$ years at $5 \%$ per annum is (in ₹):

If the compound interest on a certain sum for $2$ $years$ at $3 \%$ per annum is $Rs. 101.50$,then the simple interest (in $Rs.$) on the same sum at the same rate and for the same time will be:

If the simple interest on a sum of money for $2$ years at $5 \%$ per annum is ₹ $50$,what is the compound interest (in ₹) on the same sum at the same rate and for the same time?

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