Question
The difference between the compound interest and the simple interest on a certain sum at 5% per annum for 2 years is 1.50. The sum is
Answer: Option B
Answer: (b)Using Rule 6,Difference = ${PR}^2/(100)^2$1.50 = ${P × 5 × 5}/(100)^2$P = 400 × 1.5 = Rs.600
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Answer: (b)Using Rule 6,Difference = ${PR}^2/(100)^2$1.50 = ${P × 5 × 5}/(100)^2$P = 400 × 1.5 = Rs.600
Was this answer helpful ?
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