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SSC Sample Paper SSC CHSL (10+2) Sample Test Paper-3

  • question_answer
    The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 48. Then the sum is

    A)  Rs. 1,000                     

    B)  Rs. 1,200  

    C)  Rs. 1,500         

    D)         Rs. 2,000

    Correct Answer: B

    Solution :

     Difference of two years             \[=P\left( \frac{{{r}^{2}}}{10000} \right)\] \[\Rightarrow \]   \[48=P\left( \frac{400}{10000} \right)\] \[\Rightarrow \]   \[48=\frac{P}{25}\] \[\Rightarrow \]   \[P=48\times 25=\text{Rs}.\,\,1200\]


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