Multiple Choice Questions on On a certain sum of money the simple interest for 2 years is Rs 200 at the rate of 7 per annum Find ........... for Mathematics - All Exams Preparation

Back to Main Page

Multiple Choice Questions

On a certain sum of money the simple interest for 2 years is Rs 200 at the rate of 7 per annum Find ...........

Quantitative Aptitude ( CCS) Compound Interest
    Download Solution PDF

    On a certain sum of money, the simple interest for 2 years is Rs. 200 at the rate of 7% per annum. Find the difference in CI and SI.

    Rs. 7

    Correct Answer

    Rs. 9

    Incorrect Answer

    Rs. 11

    Incorrect Answer

    None of these

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

    SI for 2 years = 200 @ 7% per annum

    SI for one year = 100 @ 7% per annum

    CI for 1st year = 100 @ 7% per annum

    CI for 2nd year = 100 + 100 x 7/100 = 100 + 7 = 107

    CI for 2 years @ 7% per annum = 100 + 107 = 207

    CI - SI = 207 - 200 = 7

    Hence, option 1 is the correct answer.

    By: Amit Kumar
    ProfileResources

    Let's Discuss

    Rahul Kumar

    If the sum of two number is 48 and the H.C.F and L.C.M of these numbers are 5 and 120 respectively, then the sum of the reciprocals of the two numbers is equal to?

    0 0 reply
    Master
    Compound Interest
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free