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)

• A. Rs.4.25
• B. Rs.8.5
• C. Rs.17
• D. Rs.20

Answer 1

The Correct Option is A

The correct answer is (A): Rs.4.25