Banking Exams Quant — Question 711
Question
The difference between CI and SI on ₹10000 for 2 years at 10% is:
- ₹50
- ₹75
- ₹100
- ₹125
Correct answer
C — ₹100
Explanation (English)
SI = 2000, CI = 10000[(1.1)²-1] = 2100. Difference = 100
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