An amount of ₹ $12500$ is deposited for a period of $2$ years at an interest rate of $4 \%$ per annum. Find the difference between the simple interest and the compound interest (in ₹) for the deposit.

  • A
    $10$
  • B
    $20$
  • C
    $50$
  • D
    $40$

Explore More

Similar Questions

If the compound interest on a sum for $2$ years at $12 \frac{1}{2} \%$ per annum is ₹ $510$,the simple interest (in ₹) on the same sum at the same rate for the same period of time is:

The compound interest earned by Shivam on a certain amount at the end of $2$ years at the rate of $8 \, p.c.p.a.$ was $Rs. 1414.4$. What was the total amount that Shivam got back at the end of $2$ years in the form of principal plus interest earned (in $Rs.$) (in $.4$)?

In how many years will ₹ $2,000$ yield ₹ $662$ as compound interest at $10 \%$ per annum compounded annually?

What would be the compound interest (in $Rs.$) accrued on an amount of $Rs. 7850$ at the rate of $14$ $p.c.p.a.$ in $2$ years?

The difference between the compound and simple interest on a sum of money for $2$ years at $6 \frac{1}{4} \%$ per annum is $Rs. 10$. The sum (in $Rs.$) is

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo