SSC Sample Paper SSC CGL - Sample Paper-29

  • question_answer
    If the difference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at rate of 12% per annum for one year is Rs. 36, the sum is

    A) Rs. 10000         

    B) Rs. 12000

    C) Rs. 15000                     

    D) Rs. 9000

    Correct Answer: A

    Solution :

    Given that, \[P=Rs.\,P,\,\,r=12%\] \[n=1\,yr\] For half yearly \[r=6%\] and \[n=2\] half yearly             \[CI=P\left[ {{\left( 1+\frac{r}{100} \right)}^{n}}-1 \right]\]             \[=P\left[ {{\left( 1+\frac{6}{100} \right)}^{2}}-1 \right]\]             \[=P\left[ {{\left( \frac{23}{50} \right)}^{2}}-1 \right]\]             \[=P\left[ \frac{2809-2500}{2500} \right]=Rs.\frac{309P}{2500}\]             \[SI=\frac{P\times 12\times 1}{100}=Rs.\frac{3P}{25}\]   According to question,             \[\frac{309P}{2500}-\frac{3P}{25}=36\] \[\Rightarrow \] \[\frac{309-300P}{2500}\] \[\Rightarrow \] \[P=\frac{36\times 2500}{9}=10000\]


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