Find the difference between CI & SI or 2 years at 12% rate of interest. If principal is Rs. 2500.
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Answer (Detailed Solution Below)Option 2 : Rs. 36 Free 15 Questions 15 Marks 8 Mins Given: The principal = Rs. 2500 Rate of interest = 12% Time = 2 years Concept: SI = (P × R × T)/100 CI = P[(1 + r/100)n – 1] Here, n is the number of terms in the year. Calculation: The simple interest for 2 years ⇒ (2500 × 12 × 2)/100 ⇒ 25 × 12 × 2 ⇒ Rs. 600 Now, Compound interest for 2 years is ⇒ 2500[(1 + 12/100)2 – 1] ⇒ 2500[(112/100)2 – 1] ⇒ 2500 × (28/25)2 – 2500 ⇒ 2500 × (784/625) – 2500 ⇒ 3136 – 2500 ⇒ Rs. 636 Now, The difference between CI and SI is ⇒ Rs. 636 – Rs. 600 ⇒ Rs. 36 ∴ The difference between CI and SI is Rs. 36.
The difference between CI and SI for 2 years is P(r/100)2 The difference is ⇒ 2500(12/100)2 ⇒ 2500 × 144/10000 ⇒ Rs. 36 ∴ The difference between CI and SI is Rs. 36. Latest UP Police Jail Warder Updates Last updated on Dec 31, 2022 The Uttar Pradesh Police Recruitment and Promotion Board (UPPRPB) is expected to release the official notification for the UP Police Jail Warder 2022. A total number of 3638+ vacancies are expected to release for the recruitment process. The UP Police Jail Warder Selection Process includes four stages which are the Written Test, Physical Standard Test, Physical Measurement Test, and Document Verification. Candidates who will get a final selection for the Jail Warder post will get a salary range between Rs. 21,700 to Rs. 69,100. Let's discuss the concepts related to Interest and Simple and Compound Both. Explore more from Quantitative Aptitude here. Learn now!
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What is the compound interest on 2500 for 2 years?2500 Amount = C.I = A - P = Rs. 3025 - 2500 = Rs. 525.
What is the formula for difference between compound interest and simple interest for 2 years?Difference = 3 x P(R)²/(100)² + P (R/100)³.
What is the difference between simple interest and compound interest for a period of 2 years at the rate of 10% per annum on a sum of 60000?The difference between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs. 500.
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Find the difference between the simple interest and compound interest on 2500 for 2 years
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