Simple Interest Ques 10
Question-
The difference between the compound interest and simple interest on a certain amount of money for 2 years at $9 \%$ per annum is Rs. 162. What is the sum of money?
(1) Rs. 20000
(2) Rs. 25000
(3) Rs. 27000
(4) Rs. 30000
(5) Rs. 32000
(IBPS RRBs Officer CWE Prelim Exam, 13.09.2020)
Show Answer
Correct Answer: (1)
Solution: (1)
For 2 years,
C.I. - S.I. $=\frac{PR^{2}}{10000}$
$\Rightarrow 162=\frac{P \times 9 \times 9}{10000}$
$\Rightarrow P=\frac{1620000}{9 \times 9}=$ Rs. 20000
BETA
