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Railways Sample Paper RRB (Assistant Loco Pilot) Sample Test Paper-9

  • question_answer
    The difference between compound interest and simple interest on a certain amount of money at 5% per annum for 2 years is Rs.15. Find the sum :

    A)  Rs.4500                       

    B)  Rs.7500           

    C)         Rs.5000           

    D)         Rs.6000                       

    Correct Answer: D

    Solution :

    \[D={{\left( \frac{R}{100} \right)}^{2}}\times P\] \[P=D\times {{\left( \frac{100}{R} \right)}^{2}}=\frac{1500\times 10000}{25}=Rs.\,6000\]


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