SSC CGL 6 06 2019 Shift 2 Paper

Question : 52 of 100

Marks: +1, -0

A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?

Rs.544
Rs.445.44
Rs.454.88
Rs.548

Validate

Solution:

P=15000

C I=16 \%

CI for I year

=150 \× 16=2400

II year

=2400+384

III year

=2400+768+61.44

Difference between II and III year

=445.44

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