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SSC CGL Tier II Quant - 19/02/2018

Tier 2 • 19 February 2018 • 100 questions

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Question 1 / 100

What is the rate of interest if the simple interest earned on a certain sum for the 3rd year is Rs. 1,750 and compound interest earned for 2 years is Rs. 3622.5?

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e. 7

SI for 3rd year = SI for 1st year = Rs 1750

CI for 2nd year = 3622.5 - 1750 = Rs 1872.5

Rate of interest = (1872.5 - 1750/1750) × 100 = 7%

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All 100 questions in this paper
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