Multiple Choice Questions on The difference SI and CI on Rs 1000 for 1 year at 10 per annum reckoned Half yearly i........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The difference SI and CI on Rs 1000 for 1 year at 10 per annum reckoned Half yearly i...........

Quant (SSC) Compound Interest
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    The difference  SI and CI  on Rs.1000 for 1 year at 10%per annum reckoned Half yearly is

    2

    Incorrect Answer

    2.5

    Correct Answer

    3

    Incorrect Answer

    2.4

    Incorrect Answer
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    Explanation:

    SI = (1000/100 =100
    CI = [1000(1+(5/100))^2] – 1000 = 102.5
    D = 102.5 – 100 = 2.5

    By: Amit Kumar
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