The difference between compound interest and simple interest on an amount of 25,000 Rs for 2 years is Rs 2250. What is the rate of interest per annum?

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 3
Difference between compound interest (when compounded annually) and simple interest on a sum P at R % per annum for two years is:

${(CI - SI)}_{2 years} = \frac{PR}{}$ ²100
$2250 = 25000 * \frac{R^{2}}{100} R^{2} = \frac{2250}{250} = 9 R = 3$

Suggest Corrections

Similar questions

State whether the given statement is true or false.
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is 8%.

Q. What is the rate of interest p.c.p.a.?
I. An amount doubles itself in

5

years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in

2

years is

R s . 400

.
III. Simple interest earned per annum is

R s . 2000

The difference between compound interest and simple interest on an amount of ₹15,000 for 2 years is ₹96. What is the rate of interest per annum?

Q. Find the difference between the simple interest earned on an amount of Rs. 32000 at the rate of 10% per annum for 3 years and the simple interest earned on an amount of Rs. 48000 at the rate of 5% per annum for 4 years.

Q. The difference between simple interest and compound interest on Rs 400 at 5% per annum for 2 years is

Join BYJU'S Learning Program

The difference between compound interest and simple interest on an amount of 25,000 Rs for 2 years is Rs 2250. What is the rate of interest per annum?

The correct option is C 3Difference between compound interest (when compounded annually) and simple interest on a sum P at R % per annum for two years is: (CI – SI)2 years=PR2100 2250 = 25000 *R2100 R2=2250250=9R=3

The correct option is C 3
Difference between compound interest (when compounded annually) and simple interest on a sum P at R % per annum for two years is:

${(CI - SI)}_{2 years} = \frac{PR}{}$ ²100
$2250 = 25000 * \frac{R^{2}}{100} R^{2} = \frac{2250}{250} = 9 R = 3$