The difference between C.I. and S.I. on Rs. 7 | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \fr

Vedclass · Accepted Answer

$1.75$

Vedclass · Answer

(D) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \frac{P 	imes R^2}{100^2}$Given:Principal $(P)$ = $Rs. 700$Rate $(R)$ = $5 \%$Time $(n)$ = $2$ yearsSubstituting the values into the formula:$	ext{Difference} = \frac{700 	imes 5^2}{100^2}$$	ext{Difference} = \frac{700 	imes 25}{10000}$$	ext{Difference} = \frac{17500}{10000} = Rs. 1.75$

The difference between $C.I.$ and $S.I.$ on $Rs. 700$ in $2$ years at $5 \%$ per annum is (in $Rs.$):

Similar Questions

Find the difference (in $Rs.$) between $C.I.$ and $S.I.$ on $Rs. 13000$ at $4 \%$ per annum for $3$ years.

What would be the compound interest (in $Rs.$) accrued on an amount of $Rs. 7850$ at the rate of $14$ $p.c.p.a.$ in $2$ years?

What would be the compound interest (in $Rs.$) accrued on an amount of $Rs. 7400$ at $13.5$ $p.c.p.a.$ at the end of $2$ years? (rounded off to two digits after decimal)

The difference between the compound interest and the simple interest accrued on an amount of ₹ $18000$ in $2$ years was ₹ $405$. What was the rate of interest per cent per annum?

$A$ man borrows ₹ $3825$ to be paid back with compound interest at the rate of $4 \%$ per annum by the end of $2$ years in two equal yearly instalments. How much will be each instalment (in ₹)?

Vedclass Test Series

Exam Paper Generator

Online Exam Module