Question

Find the difference between the answers in (ii) and (i) .and find the interest on . this sum (difference) for one year.

• A. Rs. 105.60
• B. Rs. 102.50
• C. Rs. 109.10
• D. Rs. 108.40

Answer 1

The correct option is A Rs. 105.60

Required difference $=Rs.11,616-Rs.10,560=Rs.1,056$ [Rs. 1,056 is C.I. for the 2nd year]
$\therefore$ Interest for one year on this difference $=Rs.\frac{1,056\times 10\times 1}{100}=Rs.105.60$ Ans.