Same chapter3 marksDifficulty: Medium
Find the amount on ₹6,250 for 2 years at 4% per annum compounded annually.
Compound Interest
1 markDifficulty: Medium
The difference between the compound and the simple interest on a sum P for 2 years at r% per annum is:
- aP(r/100)
- bP(r/100)2
- c2P(r/100)
- dP(r/100)3
Original Khojo Papers practice question — not from a past board paper.
Answer
P(r/100)2
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
It is the interest earned in the second year on the first year's interest.
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