Arithmetichard · Past Paper
The difference between compound interest and simple interest on Rs 5000 for 2 years at 12% per annum is:
ARs 72
BRs 80
CRs 96
DRs 100
✓ Correct Answer: A — Rs 72
Difference = P(R/100)^2 = 5000(12/100)^2 = 5000(144/10000) = 5 * 14.4 = 72.
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