CUET Preparation Today
What will be difference between compound interest and simple interest at the rate of 8% p.a. on an amount of Rs. 5000 at the end of one year and 3 months? |
Rs. 32 Rs. 8 Rs. 10 Rs. 6 |
Rs. 8 |
Here, 2 years difference = Rs.32 So, 1 year and 3 months difference = \(\frac{32}{4}\) = Rs.8 |
