Multiple Choice Questions on Quantity I The difference between SI and CI compounded annually on a certain sum of money for 2 year........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Quantity I The difference between SI and CI compounded annually on a certain sum of money for 2 year...........

Quantitative Aptitude ( CCS) Arithmatic inequalities
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    Quantity I: The difference between SI and CI compounded annually on a certain sum of money for 2 years at 8% per annum is Rs. 12.80. Find the principal.

    Quantity II: A sum fetched a total simple interest of Rs. 800 at the rate of 8 %per annum in 5 years. What is the sum?

    Quantity I > Quantity II

    Incorrect Answer

    Quantity I ≥ Quantity II

    Incorrect Answer

    Quantity II > Quantity I

    Incorrect Answer

    Quantity II ≥ Quantity I

    Incorrect Answer

    Quantity I = Quantity II or Relation cannot be established

    Correct Answer
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    Explanation:

    I SI-CI=Pr2/100.
    P*82/100=12.8
    64P/(100*100)=12.8
    P=Rs2000.
    II SI=Pnr/100
    800=P*8*5/100
    P=800*100/40
    =Rs2000.

    Hence, option 5 is the correct answer.

    By: Amit Kumar
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