Arithmetic Ability
Compound Interest

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Q.

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is

View Answer

Correct choice: B

Explanation:

Let the sum be Rs. P. Then,[p(1+10/100)2-p]=525 Sum =Rs.2500 S.I.= Rs.(2500*5*4)/100 = Rs. 500
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