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SSC Sample Paper SSC CGL - Sample Paper-23

  • question_answer
    The difference between simple and compound interest (compound annually) on a sum of money for 2 yr at 10% per annum is Rs. 65. The sum is

    A) Rs. 65650                     

    B) Rs. 65065

    C) Rs. 6565                       

    D) Rs. 6500

    Correct Answer: D

    Solution :

    Here, \[x=Rs.\,65,\] \[r=10%\] \[\therefore \]      \[P=x{{\left( \frac{100}{r} \right)}^{2}}\] \[\Rightarrow \]   \[P=65{{\left( \frac{100}{10} \right)}^{2}}=6500\]


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