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SSC Sample Paper Mock Test-7 SSC CGL Tear-II Paper-1

  • question_answer
    The difference between simple and compound interest on a certain sum of money for 2 yr at 4% per annum is Rs. 1. The sum of money is

    A)  Rs. 600

    B)  Rs. 625

    C)  Rs. 560

    D)  Rs. 650

    Correct Answer: B

    Solution :

    When difference between the CI and SI on a certain sum of money for 2 yr at r % rate is Rs. x. Then, sum \[=x\times {{\left( \frac{100}{r} \right)}^{2}}=1\times {{\left( \frac{100}{4} \right)}^{2}}\]= Rs. 625


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