Multiple Choice Questions on The difference between the compound interest and simple interest on Rs 8000 for 2 years at 15 p........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The difference between the compound interest and simple interest on Rs 8000 for 2 years at 15 p...........

Quantitative Aptitude ( CCS) Compound Interest
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    The difference between the compound interest and simple interest on Rs. 8000 for 2 years at 15% per annum is

    Rs. 180

    Correct Answer

    Rs. 210

    Incorrect Answer

    Rs. 150

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    C.I.
    A=p[1+r/100]^2
      = 8000[1+15/100]^2
      = 8000[100+15/100]^2
      = 8000[115/100]^2
      = 8000* 115/100* 115/100
      = 10580
    I = A - P
      = 10580 - 8000
      = 2580
    S.I.
    S.I. = P*R*T/100
          = 8000 * 15 * 2/100
          = 2400
     Difference = C.I. - S.I. = 2580 - 2400
                        = 180

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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