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What is difference in simple interest on sum of Rs. 80000 for 4 years at 8% and on sum of Rs. 65000 for 6 years at 4% per annum?
  • a)
    Rs. 10000
  • b)
    Rs. 8900
  • c)
    Rs. 12500
  • d)
    Rs. 7600
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is difference in simple interest on sum of Rs. 80000 for 4 years ...
Let P = principal, R = rate of interest and N = time period
Simple Interest = PNR/100
Required difference
= (80000 × 4 × 8)/100 – (65000 × 6 × 4)/100
= 10000
∴ Difference in simple interest is Rs. 10000
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What is difference in simple interest on sum of Rs. 80000 for 4 years at 8% and on sum of Rs. 65000 for 6 years at 4% per annum?a)Rs. 10000b)Rs. 8900c)Rs. 12500d)Rs. 7600Correct answer is option 'A'. Can you explain this answer?
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What is difference in simple interest on sum of Rs. 80000 for 4 years at 8% and on sum of Rs. 65000 for 6 years at 4% per annum?a)Rs. 10000b)Rs. 8900c)Rs. 12500d)Rs. 7600Correct answer is option 'A'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about What is difference in simple interest on sum of Rs. 80000 for 4 years at 8% and on sum of Rs. 65000 for 6 years at 4% per annum?a)Rs. 10000b)Rs. 8900c)Rs. 12500d)Rs. 7600Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is difference in simple interest on sum of Rs. 80000 for 4 years at 8% and on sum of Rs. 65000 for 6 years at 4% per annum?a)Rs. 10000b)Rs. 8900c)Rs. 12500d)Rs. 7600Correct answer is option 'A'. Can you explain this answer?.
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