An amount of ₹ 12500 is deposited for a period of 2 years at an interest of 4 % per annum. differe

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6.Interest

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An amount of ₹ $12500$ is deposited for a period of $2$ years at an interest of $4 \%$ per annum. Find the difference between simple interest and compound interest (In ₹) $10$ for the deposit.

A

$10$

B

$20$

C

$50$

D

$40$

Solution

Difference $=\operatorname{sum} \times\left(\frac{r}{100}\right)^{2}=12500\left(\frac{4}{100}\right)^{2}=\frac{12500}{625}=₹ 20$

Standard 13

Quantitative Aptitude

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