If the principal amount is P P P and the rate of interest is R % R% R % per annum, then what is the difference between simple interest and compound in...

CUET Medium Simple & Compound Interest MCQ

Question

If the principal amount is

P

and the rate of interest is

R%

per annum, then what is the difference between simple interest and compound interest for 2 years?

Options

A.

\frac{PR}{100}

B.

\frac{2PR}{100}

C.

\frac{PR^2}{(100)^3}

D.

\frac{PR^2}{100}

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