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Find the difference between simple inter...

Find the difference between simple interest and compound interest on Rs. 400 for 2 years at 5% rate of interest.

A

Rs. 1

B

Rs. 10

C

Rs. 20

D

Rs. 40

Text Solution

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The correct Answer is:
A
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Knowledge Check

  • What will be the difference between the simple interest and compound interest of rs 4400 for 2 years at 5% per annum?

    A
    Rs 55
    B
    Rs 507
    C
    Rs 403
    D
    Rs 11

  • Find the simple interest and compound interest on Rs 20000 for 3 years at the rate of 5%?

    A
    ₹ 3100, ₹ 3152.5
    B
    ₹ 3100, ₹ 3000
    C
    ₹ 3100, ₹ 3152.5
    D
    ₹ 3000, ₹ 3152.5

  • The difference between simple and compound interest on Rs 1,000 for 3 years at 5% p.a. interest is:

    A
    Rs `8.40`
    B
    Rs `10.15`
    C
    Rs `7.60`
    D
    Rs `9.20`

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