On a certain sum of money, the simple interest for 2 years is Rs. 200 at the rate of 7% per annum. Find the difference between Simple and Compound Interest if nothing is changed.

🎲 Try a Random Question  |  Total Questions in Quiz: 55  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Compound Interest Problems 2 — practice the complete quiz, review flashcards, or try a random question.


On a certain sum of money, the simple interest for 2 years is Rs. 200 at the rate of 7% per annum. Find the difference between Simple and Compound Interest if nothing is changed.