If the difference between S.I. and C.I. for 2 | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(B) For a period of $2$ years,the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ is given by the formula:Difference $= P \

Vedclass · Accepted Answer

$2400$

Vedclass · Answer

(B) For a period of $2$ years,the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ is given by the formula:Difference $= P 	imes \left(\frac{r}{100}ight)^2$Where $P$ is the principal sum and $r$ is the rate of interest per annum.Given: Difference $= ₹ 6$,$r = 5 \%$,and time $= 2$ years.Substituting the values into the formula:$6 = P 	imes \left(\frac{5}{100}ight)^2$$6 = P 	imes \left(\frac{1}{20}ight)^2$$6 = P 	imes \frac{1}{400}$$P = 6 	imes 400 = 2400$Therefore,the sum is $₹ 2400$.

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:

Similar Questions

The compound interest on a certain sum for $2$ years at $12 \%$ per annum,compounded annually is $Rs. 1272$. The simple interest (in $Rs.$) for that sum at the same rate and for the same period will be?

The $S.I.$ is $Rs. 7200$ at $12$ $p.c.p.a.$ for $6$ years on a sum. What is the $C.I.$ (in $Rs.$) on the same sum at $5$ $p.c.p.a.$ for $2$ years?

In a certain number of years,a sum of money doubles itself at $6 \frac{1}{4} \%$ simple interest per annum. The required time (in $years$) is:

What annual payment (in ₹) will discharge a debt of ₹ $1025$ due in $2$ years at the rate of $5 \%$ compound interest?

If a sum of money at compound interest amounts to thrice itself in $3$ years,then in how many years will it be $9$ times itself?

Vedclass Test Series

Exam Paper Generator

Online Exam Module