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What will be the difference between simple and compound interest at the rate of per annum on a sum of after years?

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answer is D.

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Detailed Solution

Concept- We are given the values of time

, rate of interest

and principal amount

. Calculate the value of simple interest and compound interest using respective formulas. And in last subtract them.

Given that,
Principal amount

Rate of interest,

per annum
Time period,

years
Using simple interest formula,

Now, compound interest Question Image

Therefore, the difference between compound interest and simple interest is

Hence, the correct answer is option (4) .

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