Multiple Choice Questions on What is the difference between the CI and SI on Rs 6500 at the rate of 4 pcpa in 2 yrs ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

What is the difference between the CI and SI on Rs 6500 at the rate of 4 pcpa in 2 yrs ........

Quant (SSC) Compound Interest
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    What is the difference between the CI and SI on Rs.6500 at the rate of 4 pcpa in 2 yrs ?

    9.4

    Incorrect Answer

    10.4

    Correct Answer

    15.4

    Incorrect Answer

    14.5

    Incorrect Answer
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    Explanation:

    SI = 6500*4*2/100 = 520
    CI = 6500*(104/100)*(104/100) = 7030.4 = 530.4
    530.4 – 520 = 10.4

    By: Amit Kumar
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