Find the difference between S.I. and C.I. (in | vedclass

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(D) The formula for the difference between Simple Interest $(S.I.)$ and Compound Interest $(C.I.)$ for $2$ years is given by: $	ext{Difference} = \fr

Vedclass · Accepted Answer

$196$

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(D) The formula for the difference between Simple Interest $(S.I.)$ and Compound Interest $(C.I.)$ for $2$ years is given by: $	ext{Difference} = \frac{P 	imes r^2}{100^2}$.Here,the principal $P = 10000$ and the rate $r = 14 \%$.Substituting the values into the formula:$	ext{Difference} = \frac{10000 	imes 14^2}{100^2}$$	ext{Difference} = \frac{10000 	imes 196}{10000}$$	ext{Difference} = 196$.Thus,the difference between $S.I.$ and $C.I.$ is $Rs. 196$.

Find the difference between $S.I.$ and $C.I.$ (in $Rs.$) at $14 \%$ per annum for $2$ years on a principal of $Rs. 10000$.

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