Advertisements
Advertisements
Question
The difference between C.l. and S.I. on ₹16000 for 1 year at 10% p.a. reckoned half-yearly is-
Options
₹20
₹30
₹50
₹40
MCQ
Solution
₹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
shaalaa.com
Simple and Compound Interest (Entrance Exam)
Is there an error in this question or solution?
