Multiple Choice Questions on The simple interest on a certain sum for 2 years at 8 per annum is Rs 225 less than the compound int........... for IBPS RRB - Office Assistant/ Clerical Exam Preparation

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Multiple Choice Questions

The simple interest on a certain sum for 2 years at 8 per annum is Rs 225 less than the compound int...........

Quantitative Aptitude(IBPS RRB CL) Compound Interest
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    The simple interest on a certain sum for 2 years at 8% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is

     Rs. 3200 

    Incorrect Answer

     Rs. 4200 

    Incorrect Answer

    Rs. 4000 

    Incorrect Answer

    Rs. 3600 

    Incorrect Answer

    Rs. 4500

    Correct Answer
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    Explanation:
    Let the sum be Rs. P.
    Difference = P(1+ 0.1)2-P×(1.16)
    ⇒ P = Rs. 4500

    By: Munesh Kumari
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