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SSC Quantitative Aptitude Simple Interest Question Bank Simple and Compound Interest (II)

  • question_answer
    The principal amount which yields a compound interest of Rs. 208 in the second year at 4% is

    A) Rs. 5000

    B) Rs. 10000

    C) Rs. 13000

    D) Rs. 6500

    Correct Answer: A

    Solution :

    [a] Let the principal be Rs. x Amount after first year \[=\frac{x\times 104}{100}\] and amount after second year             \[=\frac{x\times 104}{100}\times \frac{4}{100}\] According to the question,             \[\frac{x\times 104\times 4}{100\times 100}=208\] \[\Rightarrow \]   \[x=\text{Rs}.\,\,5000\]


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