Difference between C.I. & S.I. on Rs. 700 in 2 years at 5 % per annum is (In Rs. )

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6.Interest

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

A

$10$

B

$5$

C

$1$

D

$1.75$

Solution

Difference between CI and SI for 2 years $=\frac{P R^{2}}{100^{2}}$

$=\frac{700 \times 5 \times 5}{100 \times 100}= Rs .1 .75$

Standard 13

Quantitative Aptitude

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