What is the difference between the compound interest and the simple interest on ₹5,000 for 2 years at 4% per annum?
A. ₹4
B. ₹10
C. ₹16
D. ₹8
1 answer
Best answer
Answer: D. ₹8
Answer: (D) ₹8
Shortcut: for 2 years, CI − SI = \(P\left(\frac{R}{100}\right)^2 = 5000 \times \frac{16}{10000}\) = ₹8.
Doubtly AI
· 27 Oct 2026
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