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Find the difference between CI and SI on ₹10,000 at 10% p.a. for 2 years.
A₹50
B₹100
C₹150
D₹200
Answer & Solution
Correct answer: B. ₹100
1. SI = 10000 × 10 × 2 / 100 = ₹2,000.
2. CI = 10000 × (1.21 − 1) = ₹2,100.
3. Difference = ₹100. Shortcut: P × (R/100)² = 10000 × 0.01 = 100.
_Source: jkchrome SI-CI QB, p.2 — CI–SI difference 2-year_
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