Multiple Choice Questions on The difference between simple interest and the true discount on Rs 2400 due 4 years hence at 5 per a........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The difference between simple interest and the true discount on Rs 2400 due 4 years hence at 5 per a...........

Quant (SSC) Simple Interest
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    The difference between simple interest and the true discount on Rs. 2400 due 4 years hence at 5% per annum simple interest is

    30

    Incorrect Answer

    80

    Correct Answer

    50

    Incorrect Answer

    70

    Incorrect Answer
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    Explanation:

    Amount (A) = 2400/-,
    Rate of interest (R) = 5%,
    Time (T) = 4 yrs
    SI – TD = A(R × T)2 /100(100 + R × T)
    = 2400 × (5 × 4)2 /100(100 + 5 × 4)
    = 2400 × 20 ×20 / 100 x 120 = 80

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