Multiple Choice Questions on The difference between simple interest and compound interest on Rs 1250 for 2 years at 4 p a i........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

The difference between simple interest and compound interest on Rs 1250 for 2 years at 4 p a i...........

Quantitative Aptitude (RRB NTPC) Compound Interest
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     The difference between simple interest and compound interest on Rs. 1250 for 2 years at 4% p.a. is ?

    Rs. 3

    Incorrect Answer

    Rs. 4

    Incorrect Answer

    Rs. 2

    Correct Answer

    None of these

    Incorrect Answer
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    Explanation:

    Principal = 1250 

    So S.I for 2 years = 1250 * 8% 

    C.I for 2 years = 1250 * 8.16% 

    Difference between C.I and S.I = 1250 * 8.16% - 1250 * 8%  = 1250 * 0.16% = 2 Rs.

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