ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



37 vote

If the compound interest on a certain sum for 2 years at 3% per annum is Rs.101.50, then the simple interest on the same sum at the same rate and for the same time will be

Asked on by | Votes 37 | Views: 2231 | Tags: mathematics     | compound interest     | quantitative aptitude     | ssc     | Add Bounty

If the compound interest on a certain sum for 2 years at 3% per annum is Rs.101.50, then the simple interest on the same sum at the same rate and for the same time will be
1). Rs.90.00
2). Rs.95.50
3). Rs.100.00
4). Rs.98.25

SSC CGL Books


Share on Facebook      Share on Whatsapp       Share on Twitter




2 answers

20 vote
Answered by on | Votes 20 |
right answer for this question is option 3

Join Telegram Group




27 vote
Answered by on | Votes 27 |

Here is the right answer

Here, C.I. = Rs 101.50
R = 3%, S.I. = ?
C.I. = S.I { $1+\frac{R}{200}$}

S.I. = $\frac{101.50\times 2OO}{203}$

S.I. = 100

Accepted Answer