SSC CHSL Model Paper 1

Question : 44 of 100

Marks: +1, -0

The difference between the simple interest and the compound interest compounded annually at the rate of 12% per annum on Rs 5000 for two years will be :

₹47.50
₹63
₹45
₹72

Validate

Solution:

Required difference =

[5000(1+12/100)^2-5000]

-{5000×12×2}/100

=5000(28/25×28/25-1)-1200

=5000({784-625}/625)-1200

= ₹72

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