The difference between C.I. and S.I. on Rs. 7 | vedclass

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

Vedclass · Accepted Answer

$1.75$

Vedclass · Answer

(D) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \frac{P 	imes R^2}{100^2}$Given:Principal $(P)$ = $Rs. 700$Rate $(R)$ = $5 \%$Time $(n)$ = $2$ yearsSubstituting the values into the formula:$	ext{Difference} = \frac{700 	imes 5^2}{100^2}$$	ext{Difference} = \frac{700 	imes 25}{10000}$$	ext{Difference} = \frac{17500}{10000} = Rs. 1.75$

The difference between $C.I.$ and $S.I.$ on $Rs. 700$ in $2$ years at $5 \%$ per annum is (in $Rs.$):

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