SSC Government Jobs Exams Numerical Ability Simple & Compound Interest

What is the difference between the compound interest and simple interest on Rs. 4000 at 5% per annum for 2 years ?

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S.I.=P*R*T/100=400
C.I.=P(1+R/100)POWER n
=4410

difference=4410-400=4010ans
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A sum of money, deposited at some rate per cent per annum of compound interest, doubles itself in 4 years. In how many years will it become 16 times of itself at the same rate ? The simple and compound interests on a sum of money for 2 year are Rs. 8400 and Rs. 8652 respectively. The rate of interest per annum is