SSC
Sample Paper
SSC (Group-C) Sample Test Paper-7
question_answer
The compound interest on a sum of money for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs. 800. The difference between the compound interest and the simple interest for 3 years will be
A) Rs.100
B) Rs.\[98.56\]
C) Rs.125
D) Rs.128
Correct Answer:
B
Solution :
C.I for two year = 832 \[\therefore \] \[R=\frac{32\times 100}{400}=8%\] \[\therefore \] 3 Simple interest of 3 years \[=3\times 400=1200\] 3 Compound Interest of 3 years C.I for 3 yrs = 400 \[400+32\] \[400+64+2.56\] Difference between C.I and S.I for 3 yrs \[=1298.56-1200\] \[\text{=}Rs.98.56\]