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The difference between C I and S I for 2 years at 10% rate of interest is Rs. 4. Find the sum of money.
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- Rs. 400
- Rs. 200
- Rs. 300
- Rs. 800
Correct Option: A
Given in question , Difference = C.I. - S.I. = ₹ 4 , Time = 2 years , Rate = 10%
Using the given formula ,
Difference = | |
10000 |
⇒ 4 = | |
10000 |
⇒ P = Rs. 400