Multiple Choice Questions on The difference between compound interest and simple interest on Rsx at 15 per annum for 2 years is R........... for SSC CGL Exam Preparation

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Multiple Choice Questions

The difference between compound interest and simple interest on Rsx at 15 per annum for 2 years is R...........

Quantitative Aptitude (CGL) Compound Interest
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    The difference between compound interest and simple interest on Rsx at 15% per annum for 2 years is Rs9. Whatis the value of x?

    This questions was previously asked in
    SSC CGL 13 June 2019 Shift-2
    View All ssc Previous Year Papers

    600

    Incorrect Answer

    400

    Correct Answer

    450

    Incorrect Answer

    500

    Incorrect Answer
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    Explanation:

    Formula for the difference between compound interest and simple interest :
    CI - SI = _{100^{2}}^{pr^{2}}
    9 = _{100^{2}}^{x\times 15^{2}}
    x = 400
    So , the answer would be option b)40

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