Railways PYQCBT 1 2016

RRB NTPC · Question 86

Find the difference between the simple interest and the compound interest at an annual rate of 20% on the principal of Rs. 4000 for 2 years. A. 160 B. 120 C. 90 D. 110

  1. C

  2. D

  3. A

  4. B

Show answer & explanation

Answer: (C) A

Explanation

For 2 years, CI − SI = P(R/100)² = 4000 × (0.2)² = Rs 160.