Practicing Success
The compound interest on a sum of money for 2 years is Rs.832 and the simple interest on the same sum for the same period is Rs.800. The difference between the compound interest and the simple interest for 3 years at the same rate will be: |
Rs. 92.36 Rs. 75.64 Rs. 98.56 Rs. 106.56 |
Rs. 98.56 |
SI for one year = \(\frac{800}{2}\) = 400 Difference b/w CI and SI for 2 years = 832 - 800 = 32 Now, |