SSC
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
The difference between compound and simple rates of interest on Rs. 10000 for 3 years at 5% p.a. is
Read Solution (Total 1)
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- 76.25 Rs.
Difference in interest=Compound Interest- Simple Interest =[10000(1.05)^3-10000]-(10000*3*5/100)
=10000[1.157625- 1 - 0.15]
=76.25 - 10 years agoHelpfull: Yes(0) No(0)
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