Multiple Choice Questions on The difference between simple and compound interest on a certain sum of money for 2 years at 4 annum........... for CAPF (AC) Exam Preparation

Back to Main Page

Multiple Choice Questions

The difference between simple and compound interest on a certain sum of money for 2 years at 4 annum...........

Quantitative Aptitude( Paper-I ) Compound Interest
    Download Solution PDF

    The difference between simple and compound interest on a certain sum of money for 2 years at 4% annum is Rs. 10. The sum of money is

    Rs. 6000

    Incorrect Answer

    Rs. 6250

    Correct Answer

    Rs. 5600

    Incorrect Answer

    Rs. 6500

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Compound Interest
    Prepare through Micro-courses
    Try Now
    Explanation:

    Rate% = 4%
    Time = 2 years
    Difference between CI and SI = Rs. 10
    Difference = R2/100 = (4)2/100 = 0.16%
    0.16% of sum = Rs. 10
    Sum = 10/0.16 × 100 = Rs. 6250
    Hence, Required sum = Rs. 6250

    Let's Discuss

    Master
    Compound Interest
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free

    Search on abhipedia