CAT Exam

What will be the difference bet-ween the simple interest and compound interest earned on a sum of Rs. 985 @ 14 p.c.p.a. at the end of two years ?

(A) Rs. 16·408

(B) Rs. 14·214

(C) Rs. 19·218

(D) Rs. 17·405

(E) None of these

Read Solution (Total 1)

Diff. between ci & pi for 2 years
=PR^2/100^2
=985*14*14/100*100
=19.306
11 years agoHelpfull: Yes(0) No(0)

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