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What will be the difference between the simple interest accrued on a sum of ₹4500 at 12% per annum for 2 years and that on a sum of ₹5600 at 9% per annum for 2 years?

A

₹75

B

₹72

C

₹69

D

₹76

Text Solution

Verified by Experts

The correct Answer is:
D
S.I. = `( "Principal" xx "time"xx "rate")/100`
Difference = `( 4500 xx 2 xx 12)/100 - ( 5600 xx 2 xx 9) /100`
1080 - 1008 = ₹ 72 `
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