SSC Sample Paper Mock Test-15 SSC CGL Tear-II Paper-1

  • question_answer
    The difference between the compound interest and simple interest on Rs. 10000 for 2 yr is Rs. 25. The rate of interest per annum is

    A) 5%       

    B)  7%

    C)  10%    

    D)  12%

    Correct Answer: A

    Solution :

    Difference\[=P{{\left( \frac{r}{100} \right)}^{2}}\](only for 2 yr) \[\therefore \]      \[25=1000{{\left( \frac{r}{100} \right)}^{2}}\] \[\Rightarrow \] \[{{r}^{2}}=\frac{25\times 100\times 100}{10000}\] \[\Rightarrow \] \[{{r}^{2}}=25\] \[\therefore \]    \[r=5%\]


You need to login to perform this action.
You will be redirected in 3 sec spinner