Multiple Choice Questions on The compound interest on a certain sum for 2 years at 10 per annum is Rs 525 The simple interest on ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The compound interest on a certain sum for 2 years at 10 per annum is Rs 525 The simple interest on ...........

Quantitative Aptitude ( CCS) Compound Interest
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    The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is

    400 rs

    Incorrect Answer

    600 rs

    Incorrect Answer

    700 rs

    Incorrect Answer

    500 rs

    Correct Answer
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    Explanation:

    Let the sum be Rs. P.

    Then,[p(1+10/100)2-p]=525

    Sum =Rs.2500

    S.I.= Rs.(2500*5*4)/100
    = Rs. 500

    Hence, option 4 is the correct answer.

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