Tech Mahindra Company Numerical Ability Simple & Compound Interest

If difference between compound interest and simple interest on a sum at 5% P.a. for 2 years is Rs.60, then what is the sum?

a) Rs.8000
b) Rs.4000
c) Rs.5000
d) Rs.6000

Read Solution (Total 3)

C.I-S.I=60

SI=(x*2*5)/100=x/10
CI={x*(1+5/100)^2-x} = 41x/400

CI-SI= 41x/400 - x/10 =60
x=24000
8 years agoHelpfull: Yes(4) No(0)

ans is 24000
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Tech Mahindra Other Question

If difference between compound interest and simple interest on a sum at 10% P.a. for 2 years is Rs.51 then sum is

a) Rs.5000
b) Rs.5100
c) Rs.5800
d) Rs.6000 Anil and Ravi invest Rs.60,000 and Rs.40,000 and they got loss of Rs.5,000 at the end of year. Then what was the loss for Ravi in Percentage?

a) 2%
b) 3%
c) 5%
d) 8%