The difference between the compound interest and simple interest on ₹10,000 for 2 years at 5% per annum is:
Show answer & explanation
Correct answer: B
Explanation
Difference for 2 years = P × (R/100)²
= 10,000 × (5/100)²
= 10,000 × 25/10,000
= ₹25
SSC Selection Post 2025 PYQ — Question 35
SSC Selection Post - Higher Secondary Level - 29th July 2025 - Shift 2 • Quantitative Aptitude • Q35