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SSC Selection Post 2022 PYQ — Question 67

SSC Selection Post - Matriculation Level 2022 - 7 Feb 2022 - Shift 3 • Quantitative Aptitude • Q67

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What is the difference between the compound interest and simple interest (in ₹, to the nearest integer) on ₹12,000 in 2 years at 8% per annum, compounded annually?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 77.

Difference = PR21002PR^2\over100^2

Difference = 12000×82100212000\times 8^2\over100^2

Difference = 76.8 ≈ ₹77