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SSC Sample Paper SSC (Group-C) Sample Test Paper-9

  • question_answer
    The difference between compound interest and simple Interest for 2 years at 10% rate of interest is Rs. 4. Find the sum of money,                       

    A)  Rs.400                       

    B)  Rs.200            

    C)         Rs.300             

    D)       Rs.800                   

    Correct Answer: A

    Solution :

     Difference \[=\frac{P{{R}^{2}}}{10000}\] \[\Rightarrow \]            \[4=\frac{P\times 10\times 10}{10000}\] \[\Rightarrow \]            \[P=Rs.\,400\]


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