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The simple interest on a certain sum for 2 years at 9% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is:
  • a)
    Rs. 7800
  • b)
    Rs. 4500
  • c)
    Rs. 8000
  • d)
    Rs. 7500
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The simple interest on a certain sum for 2 years at 9% per annum is R...
% Simple interest on sum for 2 year = 2×9 = 18%
% compound interest for 2 year = 10+10+(10×10)/100 = 21%
difference in interest = 225 Rs.
So (21% - 18%) = 3% of sum = 225 Rs.
So Sum = 225×100/3 = 7500 Rs.
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The simple interest on a certain sum for 2 years at 9% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is:a)Rs. 7800b)Rs. 4500c)Rs. 8000d)Rs. 7500Correct answer is option 'D'. Can you explain this answer?
Question Description
The simple interest on a certain sum for 2 years at 9% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is:a)Rs. 7800b)Rs. 4500c)Rs. 8000d)Rs. 7500Correct answer is option 'D'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about The simple interest on a certain sum for 2 years at 9% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is:a)Rs. 7800b)Rs. 4500c)Rs. 8000d)Rs. 7500Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The simple interest on a certain sum for 2 years at 9% per annum is Rs. 225 less than the compound interest on the same sum for 2 years at 10% per annum. The sum is:a)Rs. 7800b)Rs. 4500c)Rs. 8000d)Rs. 7500Correct answer is option 'D'. Can you explain this answer?.
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