Multiple Choice Questions on What is the difference between CI and SI if sum is Rs 10 000 for 3 years at the rate ........... for IBPS RRB - Office Assistant/ Clerical Exam Preparation

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Multiple Choice Questions

What is the difference between CI and SI if sum is Rs 10 000 for 3 years at the rate ...........

Quantitative Aptitude(IBPS RRB CL) Compound Interest
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    What is the difference between   CI and SI ,if sum is Rs.10,000 for 3  years at the rate of 3%?

    Rs.42

    Incorrect Answer

    Rs.30

    Incorrect Answer

    Rs.27.27

    Correct Answer

    Rs.35

    Incorrect Answer
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    Explanation:

    Solution:
    Difference = [sum * r2 (300 + r)]/(100)3
    = [10000 * 3 * 3 (300+3)]/(100)3 = 27.27

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