# What is the difference in simple interest on a certain sum?

## What is the difference in simple interest on a certain sum?

The difference in simple interest on a certain sum of money for 3 years and 5 years at 18\% per annum is Rs. 2,160. Then the sum is If the amounts for a fixed principal after 3 and 2 years at a certain rate of compound interest are in the ratio 21 : 20.

## What is the rate of interest on a sum of money?

The rate of interest is A certain sum lent out at simple Interest and the true discount on a certain sum for 1 year at 5\% is Rs. 1 find the sum. The difference between the compound interest and the simple interest on a certain sum at 10\% per annum for two years is Rs.

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How do you calculate the gap between simple interest and compound interest?

The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate \%. CI = Rs. 208 = Rs. 100 + Rs. 108 (In first year SI & CI are equal.) Therefore, Rs.8 Gap is because of the interest of 1 st year interest.

### How do you find the rate of compound interest in India?

Q.3. The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate \%. CI = Rs. 208 = Rs. 100 + Rs. 108 (In first year SI & CI are equal.)

### What is the simple interest for 2 years and 3 years?

SI (simple interest) sum for 3 years is 225, consider SI for each year (which is same each year) is x now CI (Compound Interest) sum for 2 years is 153 which is simple interest on PI (Principal Investment) first year+simple interest on PI for second year+interest on interest of first year=153

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What is the difference between compound interest rate and simple interest?

The difference between the compound and the simple interest on a certain sum at 7½\% per annum for 3 years is Rs. 110.70. Find the sum: The difference in the interests received from two different banks on Rs. 1000 for 2 years is Rs. 20. Thus, the difference in their rates is