PROFIT AND LOSS - Practice Mode

1) What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-?
Correct Answer: Rs.50
2) What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for 2 years?
Correct Answer: Rs.22050
3) What is the compound interest on a principal of Rs.25000/- after 3 years at the rate of 12% per annum?
Correct Answer: Rs.10123.20
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