Multiple Choice Questions on If the difference between the CI and SI on a sum of money at 5 per annum for 2years is Rs ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the difference between the CI and SI on a sum of money at 5 per annum for 2years is Rs ...........

Quantitative Aptitude ( CCS) Compound Interest
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    If the difference between the  CI and SI on a sum of money at 5% per annum  for 2years is Rs.16.Find the Simple Interest ?

    180

    Incorrect Answer

    460

    Incorrect Answer

    520

    Incorrect Answer

    640

    Correct Answer
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    Explanation:

    16 =P*( 5/100)2
    P = 6400
    SI =(6400*5*2)/100 =640

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