The difference between the compound interest and the simple interest on a certa

Question

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is?

Options:

A . Rs.600

B . Rs.500

C . Rs.400

D . Rs.300

Answer: Option A

Sum be Rs.100

S.I =
Rs.(1000/100) =Rs.10

C.I = Rs.[{100 — (1 +5/100) ²} - 100] =Rs.41/4
Difference C.I amd S. I = Rs.(41/4 - 10) =Rs.25
25 : 1.50 : : 100 : x
Therefore x = ((1.50 —100)/25) = Rs.600

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

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

Menu

Popular Courses

Search

Submit Comment/FeedBack

More Questions on This Topic :

Latest Videos

Latest Test Papers