Compound Interest Practice Test 5

Question : 7 of 40

Marks: +1, -0

Find the difference in SI and CI when a sum of Rs 7.8 lakh is invested at 13% for 2 years.

Solution:

Sum

= \Difference ×(100/R)^2

\Difference={7,80,000×13×13}/{100×100}

Difference = Rs 13,182

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