What is the difference between amounts for 2 years and 3 years for Rs. 500 at 10% compound interest?1️⃣ ₹.665.50

Question

What is the difference between amounts for 2 years and 3 years for Rs. 500 at 10% compound interest?

1️⃣ ₹.665.50
2️⃣ ₹ 60
3️⃣ ₹ 60.50
4️⃣ ₹ 605​

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4 weeks 2021-09-18T22:38:37+00:00 2 Answers 0 views 0

I don’t understand question

Henceforth,

Difference = 2nd Amount – 1st Amount

⟹ ₹ 665.5 – ₹ 605

₹60.5

So, Option 3️⃣ ₹60.50

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Note :-

• CI = Compound Interest
• A = Amount