Home
Class 14
MATHS
What will be the difference between the ...

What will be the difference between the compound interest (interest is compounded annually) and simple interest on a sum of ₹ 3200 at the rate of 20% per annum for 2 years?

A

₹`128`

B

₹`148`

C

₹`132`

D

₹`96`

Text Solution

Verified by Experts

The correct Answer is:
A
Promotional Banner

Similar Questions

Explore conceptually related problems

Whatwill be the difference between the compoundinterest (interest is compounded annually) and simple interest on a sum of ₹ 6400 at the rate of 10% per annum for 2 years?

The difference between the compound interest (compounded annually) and simple interest on a certain sum at 10% per annum for 2 years is 3631. Find the sum.

The difference between compound interest (compounded annually) and simple interest on a sum of Rs. 1000 at a certain rate of interest for 2 years is Rs. 10. The rate of interest per annum is:

The difference berween the compount interest, compounded annually and the simple interest on a certain sum for 2 years at 15% per annum is Rs 180. Find the sum.