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Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-35

  • question_answer
    The difference between the compound and simple interest on Rs. 1000 for 2 yr at the rate of 5% per annum is

    A)  Rs. 2               

    B)  Rs. 2.50

    C)  Rs. 3   

    D)  Rs. 3.50

    Correct Answer: B

    Solution :

    Required difference \[P=1000\times {{\left( \frac{5}{100} \right)}^{2}}=\frac{1000}{20\times 20}=\,\,Rs.\,\,2.5\]


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