What will be the difference between S.I. and C.I. on a sum of Rs. 150…

Question

What will be the difference between S.I. and C.I. on a sum of Rs. 15000 for 2 years at the same rate of interest of 121/2 % per annum ?

Accepted Answer

Option B. Rs. 234.375. Answer & Solution Answer: Option B Solution: & S .I . = Rs . ( 15000 × 252 × 2 × 1100 ) & \,\,\,\,\,\,\,\,\, = Rs . 3750 & C .I . = Rs . [ 15000 ( 1 + 252 × 100 )^2 - 15000 ] & = Rs . ( 15000 × 9/8 × 9/8 - 15000 ) & = Rs . ( 18948.375 - 15000 ) & = Rs . 3984.375 & Difference & =…