SSC MTS Model Paper 5

Question : 29 of 148

Marks: +1, -0

The difference between the SI and CI on Rs.1250 for 3 years is 1.51 and the compound interest obtained on the same sum at the same rate is Rs.76.51. Find the annual rate of interest.

Validate

Solution:

Simple Interest for 3 years = 76.51 − 1.51= Rs.75
∴ Rate % =

{75 × 100}/{1250×3}=2%

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