Question 53
The difference of interests for 2 yr and 3 yr on a sum of Rs. 2100 at 8 % per annum is
Given, P = Rs. 2100 and R = 8%
For T = 2 yr,
I=P×R×T100=2100×8×2100=Rs.336For 3 yr,I=P×R×T100=2100×8×3100=Rs.504
∴ Difference between both interests = 504 - 336 = Rs. 168