Question : If the difference between the compound interest and simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is:
Option 1: Rs. 2000
Option 2: Rs. 4000
Option 3: Rs. 6000
Option 4: Rs. 8000
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Rs. 8000
Solution : Rate, $R = 5$% Term, $n = 2$ years Let the principal be Rs. $P$. CI – SI = Rs. 20 Difference between CI and SI in 2 years = $\frac{PR^2}{10000}$ So, 20 = $\frac{P×5^2}{10000}$ ⇒ $P$ = Rs. 8000 Hence, the correct answer is Rs. 8000.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The difference between Compound Interest and Simple Interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the total sum?
Option 1: Rs. 7,200
Option 2: Rs. 9,600
Option 3: Rs. 16,400
Option 4: Rs. 8,400
Question : The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Option 1: Rs. 520
Option 2: Rs. 550
Option 3: Rs. 500
Option 4: Rs. 515
Question : The difference between simple and compound Interest compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 8. The sum is:
Option 1: Rs. 10,000
Option 2: Rs. 20,000
Option 3: Rs. 5,000
Option 4: Rs. 15,000
Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple interest per annum is:
Option 1: INR 8000
Option 2: INR 4000
Option 3: INR 6000
Option 4: INR 5000
Question : Rohan borrowed a certain sum of money at simple interest. The rate of interest was 3% per annum for the first 3 years, 4% per annum for the next 5 years and 6% per annum for the next 7 years. If he paid Rs. 2,059 as interest, then what is the sum borrowed (in Rs.)?
Option 1: 2400
Option 2: 2500
Option 3: 2900
Option 4: 3100
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile