10th Class Mathematics Related to Competitive Exam Question Bank Commercial Mathematics

  • question_answer
    A man borrowed Rs. 8000 at 10% per annum simple interest and immediately lent the whole sum at 10% per annum compound interest. What does he gain at the end of 2 years?

    A)  Rs. 60                  

    B)         Rs. 80  

    C)  Rs. 100          

    D)         Rs. 120

    Correct Answer: B

    Solution :

     C.I. \[=Rs.\left[ 8000\times {{\left( 1+\frac{10}{100} \right)}^{2}}-8000 \right]\] \[=Rs.1680\] S.I.   \[=Rs.\left( \frac{8000\times 10\times 2}{100} \right)=Rs.1600\] Gain  \[=(C.I.)-(S.I.)\] \[=Rs.\,(1680-1600)=Rs.80\]


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