Practice30Create account

On ₹12,500 for 2 years at 8% per annum, by how many rupees does the compound interest (compounded yearly) exceed the simple interest?

Competition practiceSimple & Compound Interest
  • A80
  • B100
  • C64
  • D160

Step-by-Step Solution

For 2 years, CI − SI = = ₹80. (CI = 2080, SI = 2000.)
Answer: A) 80

Master this topic in 30 minutes a day.

Don't just memorise the answer — build a daily practice habit.

Practice 5 Similar Questions Free →

All Simple & Compound Interest practice questions

More Simple & Compound Interest practice

A sum of money doubles itself in 8 years under simple interest. In how many years will…Arjun lends ₹5,000 to a friend at 6% per annum, compounded annually. How much interest…On a deposit kept for 2 years at 6% per annum, Meera notices that compound interest…Kavya's deposit amounted to ₹9,100 after 5 years at 6% per annum simple interest. How…Meenal keeps ₹25,000 in a fixed deposit at 6% per annum, compounded annually. What…