RRB Junior Engineer Stage 1 Model Papers 5

Question : 21 of 100

Marks: +1, -0

The difference between the compound interest and simple interest on ₹ 10,000 for 2 years is ₹ 25. The rate of interest per annum is

Solution:

Difference

={PR^2}/10000

⇒25={10000×R^2}/10000

⇒R=5%

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