Multiple Choice Questions on An amount of money was lent for 3 years What will be the difference between the simple and the ........... for Mathematics - All Exams Preparation

Back to Main Page

Multiple Choice Questions

An amount of money was lent for 3 years What will be the difference between the simple and the ...........

Quantitative Aptitude ( CCS) Data Sufficiency
    Add to Study Deck Download Solution PDF

    An amount of money was lent for 3 years. What will be the difference between the simple  and the compound interest earned on it at the same rate?

    I. The rate of interest was 8 p.c.p.a.

    II. The total amount of simple interest was Rs. 1200

    I alone sufficient while II alone not sufficient to answer

    Incorrect Answer

    alone sufficient while I alone not sufficient to answer

    Incorrect Answer

    Both I and II are not sufficient to answer

    Incorrect Answer

    Both I and II are necessary to answer

    Correct Answer
    छोटे Courses बड़े Results
    Master Data Sufficiency
    Prepare through Micro-courses
    Try Now
    Explanation:

    Given: T = 3 years.
    I. gives: R = 8% p.a.
    II. gives: S.I. = Rs. 1200.
    Thus, P = Rs. 5000, R = 8% p.a. and T = 3 years.
    Difference between C.I. and S.I. may be obtained.

    Hence,option 4 is the correct answer.

    Let's Discuss

    Master
    Data Sufficiency
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free

    Search on abhipedia