The difference in CI and SI for 2 years on a certain sum at 5 rate of interest is Rs 200 What is sum...........

Quantitative Aptitude ( CCS) Compound Interest

The difference in CI and SI for 2 years on a certain sum at 5% rate of interest is Rs. 200. What is sum?

20,000

25,000

80,000

none of these

CI - SI = 200

Rs. 200 is interest on first year's CI at rate of 5%, then Ist year's CI is = 200 x 100 / 5 = 4000 rs.

Rs. 4000 CI for first year at rate of 5%, then principal is = 4000 x 100 / 5 = 80000 rs.

Hence, option 3 is the correct answer.

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