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.
Share this question
More from Arithmetic
- The ratio of copper and zinc in an alloy is 5:3. If the weight of copper is 18.5 g, find the weight of zinc.
- A shopkeeper earns 20% profit even after giving 10% discount on MP. If MP is Rs. 500, find CP.
- If the SI on a sum for 2 years is Rs. 80 and the CI is Rs. 82, find the sum and rate.
- A number is increased by 25%. By what percent should it be decreased to get back original number?
- A sum of money lent at SI amounts to Rs. 720 in 2 years and Rs. 1020 in 7 years. Find the rate.