(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount

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(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount $= P \left(1 + \frac{R}{100}\right)^n = 5000 \left(1 + \frac{8}{100}\right)^2 = 5000 \left(\frac{108}{100}\right)^2 = 5000 \times 1.1664 = Rs. 5832$.$CI = \text{Amount} - P = 5832 - 5000 = Rs. 832$.Difference between their interests $= 832 - 600 = Rs. 232$.

Competitive Quantitative Aptitude Interest Compound Interest

Medium

$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

A
$230$
B
$232$
C
$600$
D
$832$

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Interest

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Compound Interest

The compound interest (in ₹) on ₹ $2000$ at $5 \%$ per annum,compounded yearly,for $2$ years is

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If the difference between $S.I.$ and $C.I.$ for $2$ years on a sum of money lent at $5 \%$ per annum is $₹ 6$,then the sum is:

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If a sum of money compounded annually becomes $1.44$ times of itself in $2$ years,then the rate of interest per annum (in $\%$) is:

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The sum for $2$ years gives a compound interest of ₹ $3225$ at the rate of $15 \%$ per annum. The principal amount is (in ₹):

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The difference between the compound interest and simple interest on a certain sum at $3 \%$ per annum for $3$ years is ₹ $27.27$. The sum is (in ₹):

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$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

Similar Questions

The compound interest (in ₹) on ₹ $2000$ at $5 \%$ per annum,compounded yearly,for $2$ years is

If the difference between $S.I.$ and $C.I.$ for $2$ years on a sum of money lent at $5 \%$ per annum is $₹ 6$,then the sum is:

If a sum of money compounded annually becomes $1.44$ times of itself in $2$ years,then the rate of interest per annum (in $\%$) is:

The sum for $2$ years gives a compound interest of ₹ $3225$ at the rate of $15 \%$ per annum. The principal amount is (in ₹):

The difference between the compound interest and simple interest on a certain sum at $3 \%$ per annum for $3$ years is ₹ $27.27$. The sum is (in ₹):

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