Multiple Choice Questions on The compound interest on a sum of money for 2 years is Rs 615 and the simple interest for the same p........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The compound interest on a sum of money for 2 years is Rs 615 and the simple interest for the same p...........

Quantitative Aptitude ( CCS) Compound Interest
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    The compound interest on a sum of money for 2 years is Rs. 615 and the simple interest for the same period is Rs. 600. Find the principal

    Rs. 6500

    Incorrect Answer

    Rs. 6000

    Correct Answer

    Rs. 8000

    Incorrect Answer

    Rs. 9500

    Incorrect Answer
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    Explanation:

    Compound Interest – Simple Interest
    615 – 600 = Rs. 15
    Simple interest for one year = 600/2 = Rs. 300
    → Rate of interest = 15/300 × 100 = 5 %
    → Principal = Rs. 6000

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