Arithmeticmedium · Past Paper
Find the difference between simple interest and compound interest on Rs 1000 for 2 years at 10% per annum.
ARs 1
BRs 10
CRs 100
DRs 20
✓ Correct Answer: B — Rs 10
SI = (1000*2*10)/100 = 200. CI = 1000(1.1^2 - 1) = 1000(0.21) = 210. Difference = 210 - 200 = 10.
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