-
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
-
- ₹ 600
- ₹ 500
- ₹ 400
- ₹ 300
Correct Option: A
Given that , Difference = C.I. - S.I. = ₹ 1.50 , Time = 2 years , Rate = 5%
Using the given formula ,
| Difference = | |
| 10000 |
| ⇒ 1.50 = | |
| (100)2 |
⇒ P = 400 × 1.5 = ₹ 600
