Multiple Choice Questions on The simple interest on a certain sum of money for 4 years at 15 percent per annum is 600 Find the co........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The simple interest on a certain sum of money for 4 years at 15 percent per annum is 600 Find the co...........

Quant (SSC) Compound Interest
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    The simple interest on a certain sum of money for 4 years at 15 percent per annum is 600. Find the compound interest in the same sum at 10 percent interest for 2 years

    220

    Incorrect Answer

    200

    Incorrect Answer

    210

    Correct Answer

    120

    Incorrect Answer
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    Explanation:

    600 = p*4*(15/100), P = 1000
    CI = 1000(1+10/100)^ 2 – 1000 = 210

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