Govt. Exams
Entrance Exams
So option A is correct.
So option A is correct.
So option C is correct.
So option C is correct.
Therefore, option B is correct.
Therefore, option A is correct.
Wait, recalculating: Step 2 correction = 13,500 × 0.95 = 12,825.
Rechecking calculation: 15,000 × 0.90 × 0.95 = 15,000 × 0.855 = ₹12,825.
Let me verify option A: 12,675 = 15,000 × 0.845.
Correct calculation: 15,000 × 0.90 = 13,500; 13,500 × 0.95 = 12,825.
The answer should be ₹12,825 which is option C.
The original principal was ₹8,000.
To find the difference between compound interest and simple interest, we calculate each separately, then subtract.
Step 1: Calculate Simple Interest
Simple interest uses the formula \(SI = \frac{P \times R \times T}{100}\), where principal \(P = ₹5000\), rate \(R = 12\%\) per annum, and time \(T = 3\) years.
Step 2: Calculate Compound Interest
Compound interest uses the formula \(A = P\left(1 + \frac{R}{100}\right)^T\), where the final amount is:
Step 3: Evaluate \((1.12)^3\)
Therefore:
The compound interest is:
Step 4: Find the Difference
Answer: The difference between compound interest and simple interest is \(₹224.64\) (Option C)