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Difference between compound interest and...

Difference between compound interest and simple interest over two years

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The difference between compound interest and simple interest for 2 years at the rate of 10% over principal amount of Rs X is Rs 10. What is the value of X?

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Knowledge Check

  • The difference between the compound interest and simple interest for the amount Rs. 5,000 in 2 years is Rs.32. The rate of interest is

    A
    `5%`
    B
    `8%`
    C
    `10%`
    D
    `12%`

  • What is the rate of interest if the difference between the compound interest & simple interest for 2 years on Rs 54,000 is Rs 1,215?

    A
    15% per annum
    B
    10% per annum
    C
    20% per annum
    D
    5% per annum

  • The difference between compound interest and simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 122. Find the principal.

    A
    (a) rs 20000
    B
    (b) rs 21000
    C
    (c) rs 16000
    D
    (d) rs 17000

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