Question

The difference between C.l. and S.I. on ₹16000 for 1 year at 10% p.a. reckoned half-yearly is- 

विकल्प

• ₹20

• ₹30

• ₹50

• ₹40

Answer 1

₹40

Explanation:

S.I. for 1 year

= `16000 xx 10/100 xx 1`

= ₹1600

C.I. for 1 year

= `16000(1 + 5/100)^2 - 16000`

= 16000 [(1.05)² −1]

= 1640

Difference = 1640 − 1600

= ₹40