Mathematics
NULL
Medium
Question
Find the difference between CI and SI on Rs.8000 at 5% p.a. for 3 years.
A
Rs 50
B
Rs 60
C
Rs 61
✓ Official correct answer
D
Rs 600
Community credibility
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A
Rs 50
No member explanations yet for this option.
B
Rs 60
No member explanations yet for this option.
C
Rs 61
No member explanations yet for this option.
D
Rs 600
No member explanations yet for this option.
Explanation
SI = 1200. CI = 8000 × ((1.05)³ − 1) = 1261. Difference = Rs.61.