Multiple Choice Questions on If the difference between the compound interest compounded every six months and the simple int........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the difference between the compound interest compounded every six months and the simple int...........

Quantitative Aptitude ( CCS) Compound Interest
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     If the difference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate of 12% per annum for one year is Rs.36, the sum is ?

    Rs.10000

    Correct Answer

    Rs.12000

    Incorrect Answer

    Rs.15000

    Incorrect Answer

    Rs.9000

    Incorrect Answer
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    Explanation:

    Let us assume the Principal as 100

    S.I for 1 year = 100 × 12% = 12

    C.I for 1 year = 100 × 12.36% = 12.36

    Difference = 0.36  ------------> 36 Rs.

                              1 -------------> 36/0.36 = 100

                          100 -------------> 100 × 100 = 10,000 Rs.

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