SSC SSC CHSL TIER-I Solved Paper Held on 08.01.2017

  • question_answer
    Simple interest on a certain sum of money for 3 years at 8% per annum is half the com- pound interest on Rs. 1200 for 2 years at 10% per annum. The sum placed on simple Interest is

    A)  Rs. 525

    B)  Rs. 1050

    C)  Rs. 260

    D)  Rs. 420

    Correct Answer: A

    Solution :

    \[C.I.=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}-1 \right]\] \[=12000\left[ {{\left( 1+\frac{10}{100} \right)}^{2}}-1 \right]\] \[=12000\left[ {{\left( \frac{11}{10} \right)}^{2}}-1 \right]\] \[=12000\left( \frac{121}{100}-1 \right)\] \[\therefore \]\[=\frac{1200\times 21}{100}=\text{Rs}\text{.}\,\text{252}\]  \[\therefore \]\[\text{S}\text{.I}\text{.}=\frac{252}{2}=\text{Rs}\text{.}\,126\] \[\therefore \]\[\text{Principal=}\frac{\text{S}\text{.I}\text{. }\!\!\times\!\!\text{ 100}}{\text{Time }\!\!\times\!\!\text{ Rate}}\] \[\text{=}\frac{126\times 100}{3\times 8}\] \[=\text{Rs}\text{.}\,\text{525}\]


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