The difference between simple and compound interests compounded annually on a ce

Check All Courses

Question

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

Options:

A . 625

B . 630

C . 640

D . 650

Answer: Option A

Let the sum be Rs. x. Then,

C.I. =

x

1 +
4

2
- x

=

676
x
- x

=
51
x.
100
625
625

S.I. =

x x 4 x 2

=
2x
.
100
25

51x
-
2x
= 1
625
25

x = 625.

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after....of Rs. 12,000 after 3 years at the same rate?

Question 2. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:....

Question 3. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half....1 years at 4% per annum compounded yearly and half-yearly?

Question 4. What is the rate of interest p.c.p.a.?....

Question 5. What will be the compound interest earned on an amount of Rs. 5000 in 2 years?....

Question 6. What is the compound interest earned at the end of 3 years?....

Question 7. Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the enti....repaying the entire amount at the end of 2 years?

Question 8. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?....

Question 9. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?....

Question 10. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is....at 20% compound interest will be more than doubled is:

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024