- A₹ 192
- B₹ 96
- C₹ 1,200
- D₹ 48
Step-by-Step Solution
The orange piece is 8% of Year 1's interest: . Check: .
Answer: B) ₹ 96
The bar model shows the interest on ₹ 15,000 for 2 years. In compound interest, Year 2 also earns interest on Year 1's interest (the orange piece). What is the difference between the compound interest and the simple interest?
Class 8Compound InterestComparing Quantities
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