Find the difference between compound interest and simple interest on Rs. 4000 at 10% per annum for 2 years.

Topic: Interest
Subtopic: CI and SI Difference

ARs. 20

BRs. 30

CRs. 40

DRs. 50

Explanation

Difference for 2 years = P * (R / 100)^2 = 4000 * (10 / 100)^2 = 4000 * (1 / 100) = Rs. 40.

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