The difference between the S.I. and C.I. obta | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \fr

Vedclass · Accepted Answer

$14000$

Vedclass · Answer

(C) The formula for the difference between Compound Interest $(C.I.)$ and Simple Interest $(S.I.)$ for $2$ years is given by: $	ext{Difference} = \frac{P 	imes R^2}{100^2}$Given:$	ext{Difference} = 35$$R = 5\%$$T = 2 	ext{ years}$Substituting the values into the formula:$35 = \frac{P 	imes 5^2}{100^2}$$35 = \frac{P 	imes 25}{10000}$$35 = \frac{P}{400}$$P = 35 	imes 400$$P = 14000$Therefore,the principal amount is $Rs. 14000$.

The difference between the $S.I.$ and $C.I.$ obtained on a principal amount at $5$ $p.c.p.a.$ after $2$ years is $Rs. 35$. What is the principal amount (in $Rs.$)?

Similar Questions

The production of a factory grows at a $8 \%$ $p.a.$ What will be its production (in $lakh$ tonnes) for the year $2010$,if its production in $2008$ was $70$ $lakh$ tonnes?

Find the least number of complete years in which a sum of $Rs. 1500$ at $25 \%$ compound interest will be more than double.

Find the ratio of $S.I.$ and $C.I.$ on a certain sum of money at $5 \%$ per annum for $2$ years.

$A$ sum of money amounts to ₹ $6655$ at the rate of $10 \%$ compounded annually for $3$ years. The sum of money is (in ₹):

$A$ sum put out at $4 \%$ compound interest payable half-yearly amounts to ₹ $6632.55$ in $1 \frac{1}{2}$ years. The sum (in ₹) is

Vedclass Test Series

Exam Paper Generator

Online Exam Module