SSC Sample Paper SSC CHSL (10+2) Sample Test Paper-24

  • question_answer
    If the difference between the simple and compound interest on a sum of money for 2 years at 8% per annum is Rs. 4800, then the sum is:-

    A)  \[Rs.72,0000\]              

    B)  \[Rs.75,000\]

    C) \[Rs.750,000\]               

    D)  \[Rs.60,0000\]

    Correct Answer: C

    Solution :

     Rate = \[8%,\]Time = 2 years. \[C.I.-S.I.=Rs.\,4,800\] Principal \[=\frac{Difference\times {{100}^{2}}}{{{r}^{2}}}\] \[=\frac{4800\times {{100}^{2}}}{8\times 8}=\frac{4800\times 100\times 100}{8\times 8}\] \[=\,\,\,Rs.\,750,000\] The sum = Rs. 750,000


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