The difference between simple and compound interest on Rs. 5,000 for three years at the annual interest rate of 10% is

Rs.

300

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Rs.

250

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Rs.

155

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Rs.

150

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Solution

The correct option is D Rs. $155$
$S . I = \frac{P \times R \times n}{100} = \frac{5000 \times 10 \times 3}{100} = 1500$
$C . I = P (1 + \frac{R}{100})^{n} - P = 5000 [(1 + \frac{10}{100})^{3} - 1] = 1655$
$∴ C . I - S . I = 1655 - 1500 = 155$

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The difference between simple and compound interest on Rs. 5,000 for three years at the annual interest rate of 10% is

The correct option is D Rs. 155S.I=P×R×n100=5000×10×3100=1500C.I=P(1+R100)n−P=5000[(1+10100)3−1]=1655∴C.I−S.I=1655−1500=155

The correct option is D Rs. $155$
$S . I = \frac{P \times R \times n}{100} = \frac{5000 \times 10 \times 3}{100} = 1500$
$C . I = P (1 + \frac{R}{100})^{n} - P = 5000 [(1 + \frac{10}{100})^{3} - 1] = 1655$
$∴ C . I - S . I = 1655 - 1500 = 155$