15 Views
Question : The difference between compound interest and simple interest on Rs. $x$ at 25% per annum for 2 years is Rs. 325. Find the value of $x$.
Option 1: Rs. 5200
Option 2: Rs. 4000
Option 3: Rs. 5300
Option 4: Rs. 2400
Answer (1)
Correct Answer: Rs. 5200
Solution :
Given: Principal, $P$ = Rs. $x$
Rate, $r$ = 25%
Time = 2 years
Difference between simple interest and compound interest $=P(\frac{r}{100})^2$
⇒ $325 = x(\frac{25}{100})^2$
⇒ $325=\frac{x}{16}$
$\therefore x=5200$
Hence, the correct answer is Rs. 5200.
Know More About
Related Questions
TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Upcoming Exams
Exam Date:
2 Mar, 2025
- 20 Mar, 2025
Exam Date:
13 Apr, 2025
- 13 Apr, 2025
Exam Date:
13 Apr, 2025
- 13 Apr, 2025
Preliminary Exam
Exam Date:
25 May, 2025
- 25 May, 2025