Find difference between CI and SI (approx) for 2 years of Rs.8250 at the rate of 15% p.a. compounded annually.

186 184 190 181

186

15% = \(\frac{3}{20}\) ⇒ \(\frac{Diff.}{Principal}\) = \(\frac{3^2}{20^2}\) = \(\frac{9}{400}\) ⇒ 400R = 8250 ⇒ 1R = \(\frac{8250}{400}\) ⇒ Difference = 9R = 9 × \(\frac{8250}{400}\) = 185.62 = 186 (approx.)