The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is: Options: A . &nbspRs 145 B . &nbspRs 150 C . &nbspRs 165 D . &nbspRs180 E . &nbspNone of these

The difference between the simple interest and the compound interest on Rs 5000

Question

The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:

Answer: Option E

S.I = Rs(5000 — 10/100 — 3)=Rs 1500

= Rs (6655-5000)=Rs 1655
(c.I) “ (S.I) = Rs (1655-1500) = Rs 155.

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