(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount

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(B) For $A$ (Simple Interest):$SI = \frac{P \times R \times T}{100} = \frac{6000 \times 5 \times 2}{100} = Rs. 600$.For $B$ (Compound Interest):Amount $= P \left(1 + \frac{R}{100}\right)^n = 5000 \left(1 + \frac{8}{100}\right)^2 = 5000 \left(\frac{108}{100}\right)^2 = 5000 \times 1.1664 = Rs. 5832$.$CI = \text{Amount} - P = 5832 - 5000 = Rs. 832$.Difference between their interests $= 832 - 600 = Rs. 232$.

Competitive Quantitative Aptitude Interest Compound Interest

Medium

$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

A
$230$
B
$232$
C
$600$
D
$832$

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Interest

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Compound Interest

Find the least number of complete years in which a sum of money put out at $20 \%$ compound interest will be more than double?

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The simple interest on a certain sum of money for $3$ years at $8 \%$ per annum is half the compound interest on ₹ $4000$ for $2$ years at $10 \%$ per annum. The sum placed on simple interest (in ₹) is

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If the compound interest on a certain sum for $2$ years is ₹ $105$ and simple interest is ₹ $100$,then the sum (in ₹) is:

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If the difference between the $C.I.$ compounded half-yearly and simple interest on a sum at $10 \%$ per annum for one year is $Rs. 25$,the sum (in $Rs.$) is:

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If the difference between $S.I.$ and $C.I.$ for $2$ years on a sum of money lent at $5 \%$ per annum is $₹ 6$,then the sum is:

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$A$ deposited $Rs. 6000$ in a bank at $5 \%$ per annum simple interest. $B$ deposited $Rs. 5000$ at $8 \%$ $p.a.$ compound interest. After $2$ years,the difference between their interests (in $Rs.$) will be:

Similar Questions

Find the least number of complete years in which a sum of money put out at $20 \%$ compound interest will be more than double?

The simple interest on a certain sum of money for $3$ years at $8 \%$ per annum is half the compound interest on ₹ $4000$ for $2$ years at $10 \%$ per annum. The sum placed on simple interest (in ₹) is

If the compound interest on a certain sum for $2$ years is ₹ $105$ and simple interest is ₹ $100$,then the sum (in ₹) is:

If the difference between the $C.I.$ compounded half-yearly and simple interest on a sum at $10 \%$ per annum for one year is $Rs. 25$,the sum (in $Rs.$) is:

If the difference between $S.I.$ and $C.I.$ for $2$ years on a sum of money lent at $5 \%$ per annum is $₹ 6$,then the sum is:

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