Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

The difference between CI and SI for two years on sum of Rs.4800 at 10% per annum is:

Options:

48

47

50

45

Correct Answer:

48

Explanation:

10% = \(\frac{1}{10}\)

⇒ \(\frac{Diff.}{Principal}\) = \(\frac{1^2}{10^2}\) = \(\frac{1}{100}\)

⇒ 100R = 4800

⇒ 1R = 48

⇒ Difference = 1R = 1 × 48 = 48