ixambee.com
New RBI Grade B 2025 Notification will come Soon! Enroll Here

    • My Home
      • Dashboard
      • My Account
      • My Courses
      • My Performance
      • Packages
      • Logout
    • youtube Free Videos
      Youtube VideosLive Classes RBI Grade BLive Classes SEBI Grade ALive Classes IBPS PO & RRB
    • Previous Year Paper
    • Exams
    • Online Course
    • Free Mock Test
    • General Awareness
    • Daily Practice
    • All Courses
    • Private Jobs New
    • Testimonials
    ixambee mentorbee
    1. Home
    2. Questions
    3. Quantitative Aptitude
    4. Simple and compound interest
    5. The difference between the compound interest compounded annually and simple interest of a sum at 8%

    Question

    The difference between the compound interest compounded

    annually and simple interest of a sum at 8% p.a. for 2 years is Rs. 64. Find the sum.
    A Rs 8000 Correct Answer Incorrect Answer
    B Rs 10000 Correct Answer Incorrect Answer
    C Rs 12000 Correct Answer Incorrect Answer
    D Rs 15000 Correct Answer Incorrect Answer

    Solution


    Let the sum = Rs. P
    Using formula, Difference = P(R/100)²
    So, 64 = P(8/100)²
    Or, P = Rs 10,000

    Practice Next
      More Simple and compound interest Questions
    • Which of the following Edtech start-up became the 101st Unicorn of India?

    • The Reserve Bank of India (RBI) is extending the deadline for card-on-file (CoF) tokenisation till ____________.

    • Recently which of the following public sector oil company announced to open 50 fuel stations in Sri Lanka to help alleviate crisis?

    • Where was the third India-Tanzania Joint Defence Cooperation Committee (JDCC) meeting held?

    • Which of the following is the official mascot of FIFA Women’s World Cup Australia & New Zealand 2023?

    • Recently Sebastian Vettel announces retirement. He was associated with?

    • What is the main objective of INS Sarvekshak's mission at Port Louis, Mauritius?

    • The Foreign Exchange Management (Non-debt Instruments) Rules, 2019 were amended to simplify which of the following processes?

    • Which bank has collaborated with with NCDEX E-Markets Limited (NeML) to fortify the integration of e-procurement and e-auction systems and through which...

    • What is a bull market means?  

    Please Register/Login to Download Question

    I Pledged to:

    Please Enter Details

    call-back
    Please enter Name We'll never share your email with anyone else.
    Please enter Correct Mobile Number We'll never share your email with anyone else.

    Thank You

    +91-9205524028 Available Mon-Sat (10 AM to 7 PM)

    [email protected]

    © ATOZLEARN EDUTECH PRIVATE LIMITED All rights reserved.

    Update Address

    Please enter complete address
    Please enter pincode
    Please enter State
    Please enter City

    Download the app

    ×
    QR Code
    Get Started with ixamBee

    Start learning 50% faster. Sign in now

    Please enter Mobile Number or Email Please enter valid Mobile Number or Email
    Please enter Mobile Number Please enter valid Mobile Number
    Email id already Exists Please Enter valid Email Address
    Please enter Mobile Number or Email Please enter valid Mobile Number or Email
    Mobile Number id already Exists Please Enter valid Mobile Number
    Please enter valid OTP Mail sent on your email