The difference between compound interest and simple interest on Rs. x at 6.5% per annum for 2 years is Rs. 33.80. What is the value of x?
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Answer (Detailed Solution Below)Option 3 : Rs. 8000 Free 10 Questions 10 Marks 7 Mins Given: The difference between compound interest and simple interest on Rs. x at 6.5% per annum for 2 years is Rs. 33.80. Formula used: Difference between CI and SI for 2 years = Principal amount × (R/100)2 Calculation: Let Principal amount be Rs X. 33.80 = X × (6.5/100)2 ⇒ X = 8000 ∴ Value of X is Rs 8000 Latest RRB Group D Updates Last updated on Dec 13, 2022 The RRB Group D Results are expected to be out on or before 24th December 2022! The Railway Recruitment Board released the RRB Group D Answer Key on 14th October 2022. The candidates will be able to raise objections from 15th to 19th October 2022. The exam was conducted from 17th August to 11th October 2022. The RRB (Railway Recruitment Board) is conducting the RRB Group D exam to recruit various posts of Track Maintainer, Helper/Assistant in various technical departments like Electrical, Mechanical, S&T, etc. The selection process for these posts includes 4 phases- Computer Based Test Physical Efficiency Test, Document Verification, and Medical Test. Ace your Interest preparations for Simple and Compound Both with us and master Quantitative Aptitude for your exams. Learn today! What is the difference between the SI and CI for 2 years on Rs. 10,000 at 5% rate of interest per annum?
Answer (Detailed Solution Below)Option 2 : 25 Free CT 1: International and National Awards 10 Questions 10 Marks 8 Mins Given: The SI and CI for 2 years on Rs. 10,000 at 5% rate Formula used: Total amount = Principal × [1 + (Rate of interest/100)]Time period Compound interest = Total amount – Principal Simple interest = (principal amount × rate of interest × time)/100 Calculation: S.I. = (10000 × 5 × 2)/100 ⇒ S.I. = 1000 ⇒ Total amount = 10000 × [1 + (5/100)]2 ⇒ Total amount = 10000 × (105/100)2 ⇒ Total amount = 1125 ⇒ C.I = 11025 - 10000 ⇒ C.I. = 1025 Difference between C.I. and S.I. 1025 – 1000 ⇒ 25 ∴ The difference between the SI and CI is 25 Alternate method: Difference between CI and SI = P × (r/100)2 Using this formula Let difference be D Principal amount = 10000 ⇒ D = 10000 × (5/100)2 ⇒ D = (10000 × 25)/10000 ⇒ D = 25 ∴The difference between the SI and CI is 25.
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What is the difference between CI and SI on Rs 10000 for 2 years at 6.5 pa?Detailed Solution
The difference between compound interest and simple interest on Rs. x at 6.5% per annum for 2 years is Rs. 33.80.
What is the difference between Theci compounded annually and SI on10 000 for 2 years at 6.5 \% per annum?Answer. Answer: 42.25 is answer of this question.
What is the sum of money if difference between CI and SI for 2 years is Rs 625 at the rate of 12.5 PA 1 point 90000 50000 40000 12000?Detailed Solution. ∴ The required sum is Rs. 10000.
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What is the difference between the CI compounded annually and SI on * 10000 for 2 years at 6.5% per annum?
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