Multiple Choice Questions on A person got Rs 48 more when he invested a certain sum at compound interest instead of simple intere........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person got Rs 48 more when he invested a certain sum at compound interest instead of simple intere...........

Quant (SSC) Simple Interest
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    A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum  ?

    Rs.8000

    Incorrect Answer

    Rs.6500

    Incorrect Answer

    Rs.7500

    Correct Answer

    Rs.5000

    Incorrect Answer
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    Explanation:

    p=(d×1002)R2 
    Where d is difference, r is rate of interest. 
    => (48 x 100 x 100) / 8 x 8 = Rs.7500

    By: MIRZA SADDAM HUSSAIN
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