Question 66

A sum of ₹ 4000 is lent on simple interestat the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?

Solution

Principal sum = Rs. 4000 and rate of interest = 10%

Simple interest = $$\frac{P\times R\times T}{100}$$

Thus, difference between interest of 5 years and of 3 years = Simple interest for 2 years

= $$\frac{4000\times10\times2}{100}=Rs.$$ $$800$$

=> Ans - (C)


Create a FREE account and get:

  • Free SSC Study Material - 18000 Questions
  • 230+ SSC previous papers with solutions PDF
  • 100+ SSC Online Tests for Free

cracku

Boost your Prep!

Download App