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- What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years
Question 1:
What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years A. Rs 64.10
Feedback S.I.=1000x10x4/100=400
C.I.=[1000(1+10/100)^4−1000 =464.10
so difference between simple interest and compound interest will be 464.10 - 400 = 64.10
C.I.=[1000(1+10/100)^4−1000 =464.10
so difference between simple interest and compound interest will be 464.10 - 400 = 64.10
B. Rs 65.10
C. Rs 68.10
D. Rs 69.10
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