RRB NTPC · Question 86
Find the difference between the simple interest and the compound interest at an annual rate of 20% on the principal of Rs. 4000 for 2 years. A. 160 B. 120 C. 90 D. 110
Show answer & explanation
Answer: (C) A
Explanation
For 2 years, CI − SI = P(R/100)² = 4000 × (0.2)² = Rs 160.