Multiple Choice Questions on A invests Rs 10000 for 2 years at 10 per annum while B invests Rs 18000 for 3 years at 20 per annum ........... for IBPS RRB - Office Assistant/ Clerical Exam Preparation

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Multiple Choice Questions

A invests Rs 10000 for 2 years at 10 per annum while B invests Rs 18000 for 3 years at 20 per annum ...........

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    A invests Rs. 10000 for 2 years at 10% per annum while B invests Rs. 18000 for 3 years at 20% per annum. Then find the difference between the simple interest earned by A and B.

    This questions was previously asked in
    RRB Clerk Prelims (13 Aug, 2022 Shift 1)
    View All RRBB Previous Year Papers

    Rs. 9400

    Incorrect Answer

    Rs. 8200

    Incorrect Answer

    Rs. 8500

    Incorrect Answer

    Rs. 8800 

    Correct Answer

    Rs. 9200

    Incorrect Answer
    Explanation:

    To find the simple interest difference:

    - Simple Interest (SI) formula: SI = (Principal × Rate × Time) / 100

    - For A:

    - Principal = Rs. 10000

    - Rate = 10% per annum

    - Time = 2 years

    - SI for A = (10000 × 10 × 2) / 100 = Rs. 2000

    - For B:

    - Principal = Rs. 18000

    - Rate = 20% per annum

    - Time = 3 years

    - SI for B = (18000 × 20 × 3) / 100 = Rs. 10800

    - Difference between SI of B and A:

    - Rs. 10800 - Rs. 2000 = Rs. 8800

    - Options Reviewed:

    - Option 1: Rs. 9400

    - Option 2: Rs. 8200

    - Option 3: Rs. 8500

    - Option 4: Rs. 8800

    - Option 5: Rs. 9200

    By: Parvesh Mehta
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