The difference between simple and compound in...
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 2% per annum is Rs. 3. The sum (in Rs.) is:
• a)
Rs. 6000
• b)
Rs. 5000
• c)
Rs. 7500
• d)
Rs. 7000
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The difference between simple and compound interests compounded annual...
Let, the sum of the money be x. CI is compound interest and SI is Simple interest

Given,
CI – SI = 3
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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 2% per annum is Rs. 3. The sum (in Rs.) is:a)Rs. 6000b)Rs. 5000c)Rs. 7500d)Rs. 7000Correct answer is option 'C'. Can you explain this answer?
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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 2% per annum is Rs. 3. The sum (in Rs.) is:a)Rs. 6000b)Rs. 5000c)Rs. 7500d)Rs. 7000Correct answer is option 'C'. Can you explain this answer? for SSC JE 2024 is part of SSC JE preparation. The Question and answers have been prepared according to the SSC JE exam syllabus. Information about The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 2% per annum is Rs. 3. The sum (in Rs.) is:a)Rs. 6000b)Rs. 5000c)Rs. 7500d)Rs. 7000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC JE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 2% per annum is Rs. 3. The sum (in Rs.) is:a)Rs. 6000b)Rs. 5000c)Rs. 7500d)Rs. 7000Correct answer is option 'C'. Can you explain this answer?.
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