Question:
Find the difference between the Compound Interest and Simple Interest (S.I.) for two years on Rs.1700 if the S.I. on the same sum for one year is Rs.85 at 5 % p.a.? (Interest is compounded Annually)
Find the difference between the Compound Interest and Simple Interest (S.I.) for two years on Rs.1700 if the S.I. on the same sum for one year is Rs.85 at 5 % p.a.? (Interest is compounded Annually)
Updated On: Oct 19, 2024
- Rs.4.25
- Rs.8.5
- Rs.17
- Rs.20
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The Correct Option is A
Solution and Explanation
The correct answer is (A): Rs.4.25
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