Question no 3459 SSC CGL Tier 1 Quantitative Aptitude Questions and Answers Online Test 74

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1 .

What will be the difference between the compound interest and the simple interest at the rate of 5 p.c.p.a. on an amount of Rs.6000 at the end of two years?

[ A ] Rs.10
[ B ] Rs.20
[ C ] Rs.15
[ D ] Rs.25

Answer : Option C

Explanation :

Difference between C.I. & S.I. for 2 years at 5% rate = (10.25% - 10) = 0.25%

Required difference = 0.25% of Rs.6000 = Rs.15

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