Arithmetichard · Past Paper
The difference between compound interest and simple interest on a sum for 3 years at 10% per annum is Rs 31. Find the sum.
ARs 1000
BRs 1100
CRs 1200
DRs 1500
✓ Correct Answer: A — Rs 1000
Difference for 3 yrs = P(R/100)^2 * (3 + R/100). 31 = P(0.01)(3.1) => 31 = 0.031P => P = 1000.
Share this question
More from Arithmetic
- If 13% VAT is added to a bill of Rs. 5000, what is the final amount to be paid?
- What is the SP of an item with MP Rs. 1,000, discount 10%, and VAT 13%?
- The ratio of interior angles of a triangle is 2:3:4. The largest angle is:
- If the population of a village increases from 1000 to 1150 in a year, what is the growth percentage?
- In an election between two candidates, one got 55% of the total valid votes. 20% of the votes were invalid. If the total number of votes was 7500, find the number of valid votes the other candidate got.