SSC CHSL 2025 · PYQ · Simple and Compound Interest · medium
The difference between the compound interest and simple interest on a sum for 2 years at 10% p.a. is ₹15. What is the sum?
Answer
The correct answer is A: ₹1,500. For 2 years, difference between CI and SI = P(r/100)² = P(10/100)² = P/100. Setting P/100 = 15 gives P = ₹1,500.
- A.₹1,500✓ Correct
- B.₹2,000
- C.₹1,200
- D.₹1,000
For 2 years, difference between CI and SI = P(r/100)² = P(10/100)² = P/100. Setting P/100 = 15 gives P = ₹1,500.
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