Simple Interest Ques 15
Question-
What will be the difference between the interest accrued on a sum of ₹ 4500 at $12 \%$ per annum for 2 years and that on a sum of ₹ 5600 at $9 \%$ per annum for 2 years?
(1) ₹ 75
(2) ₹ 72
(3) ₹ 69
(4) ₹ 76
(5) None of these
(Corporation Bank Specialist Officer (Marketing) Exam. 22.02.2014)
Show Answer
Correct Answer: (2)
Solution: (2)
S.I $=\frac{\text { Principal } \times \text { Time } \times \text { Rate }}{100}$
$\therefore$ Difference $ =\frac{4500 \times 2 \times 12}{100}-\frac{5600 \times 2 \times 9}{100} $ $ =1080-1008= \text{₹} 72$
BETA
