SSC CGL 9 Aug 2017 Shift 1 Paper

Question : 60 of 100

Marks: +1, -0

The difference between the compound interest compounding half yearly for 1 year and the simple interest for 1 year on a certain sum of money lent out at 8% per annum is ₹64. What is the sum (in ₹)?

40000
42000
44000
44800

Validate

Solution:

Let the sum is ₹ P.
According to the question,

P[1+4/100]^2-P-{P ×8 ×1}/100=64

⇒

P[676/625-1]-{2P}/25=64

⇒

{5 1P}/625 -{50P}/625 =64

∴

P=\₹40000

Go to Question:

Prev Question

Next Question