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
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
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.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : The difference between compound interest and simple interest on Rs. X at 7.5% per annum for 2 years is Rs. 22.50. Find the value of X.
Question : The difference between compound interest and simple interest on a sum at 20% per annum for two years is Rs. 420. Find the sum (in Rs.).
Question : What is the difference between the compound interest and the simple interest on Rs. 2,000 at 10% interest per annum for 2 years, if, for compound interest, interest is compounded annually?
Question : Find the difference between compound interest and simple interest for 2 years on a sum of Rs. 11000 at a rate of 11% per annum.
Question : Find the difference between compound interest (compounding annually) and simple interest on a sum of Rs. 56,000 for two years at 15% per annum.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile