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Simple Interest

Fill in the b...

Question

Fill in the blanks to make the statement true:
The difference of interest for 2 years and 3 years on a sum of $R s .2100$ at $8 %$ per annum is............

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Solution

Interest for two years $= \frac{2100 \times 8 \times 2}{100} = R s .336$

Interest for three years $= \frac{2100 \times 8 \times 3}{100} = R s .504$
$D i f f e r e n c e = 504 - 336 = R s . 168$

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