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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
21 out of 30
 

The difference between the compound and simple interest on a sum of money for 2 years at 6 ¼ % per annum is Rs. 10. The sum is



A Rs. 2000
B Rs. 2200
C Rs. 2560
D Rs. 2600
E None of These

Ans. C

10 = Px(25/4)2/(100x10) => (Px625)/(16x100x100) => 2560

Simple Interest & Compound Interest Flashcard List

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