NextMockSearch exams, e.g. SSC CGL, UPPSC, Lekhpal
Railways PYQCBT 1 2016

RRB NTPC · Question 96

Find the difference between compound interest and simple interest on 5000 for 2 years 8% p.a. payable annually. A. 45 B. 32 C. 57 D. 84

  1. A

  2. C

  3. D

  4. B

Show answer & explanation

Answer: (D) B

Explanation

For 2 years, CI − SI = P × (r/100)². Here 5000 × (8/100)² = 5000 × 0.0064 = Rs 32.