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General Awareness Mock Test 10 Questions 10 Marks 6 Mins Given: Sum of Rs. 500/- for 3 years at simple interest at 5% per annum. Formula used: Amount = S.I + P Simple interest(S.I) = (P × R × T)/100 P = Principal, R = rate, T = time Calculation: According to the question, P = Rs. 500, R = 5%, T = 3 years S.I = (P × R × T)/100 ⇒ (500 × 5 × 3)/100 ⇒ Rs. 75 Amount = S.I + P ⇒ 500 + 75 ⇒ Rs. 575 ∴ The amount is Rs. 575.  Net Rate in 3 years = 3 × 5 ⇒ 15% Amount = 500(100 + 15)/100 ⇒ Rs. 575 ∴ The amount is Rs. 575. Latest Navy MR Agniveer Updates Last updated on Sep 22, 2022 The Indian Navy has released the Navy MR Agniveer Admit Card 2022. The writtern examination is scheduled to be held in the month of October 2022. The candidates who wish to attend the Indian Navy MR Exam must download the admit card. The selection of the candidates is based on the performance in written examination and physical fitness test. A total number of 200 vacancies are released for the recruitment process. With a decent salary package of Rs. 30,000 to Rs. 40,000, it is golden opportunity for job seekers. Ace your Interest preparations for Simple Interest with us and master Quantitative Aptitude for your exams. Learn today! I1=PT1R1100I1=(500×3×5)100=Rs.75I1=PT2R2100I2=(500×4×4) 100=Rs.60Difference=Rs.5Alternatively,The interestiscalculatedsimplyandthenit willhaveariseof15%in 1stcaseand16%in2nd case.Difference=1%on500=Rs.5 Otherwise,500−−15%↑−−>575(1stcase) 500−−16%↑−−>580(2ndcase)We canseecleardifferenceofRs.5
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AnswersRelated What is the difference between the simple interest on a principal of Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?a)Rs. 5b)Rs. 10c)Rs. 20d)Rs. 40Correct answer is option 'A'. Can you explain this answer? 5% for 3 years (SI) = 15% of the amount; At the same time 4% SI for 4 years means 16% of the amount. The difference between the two is 1% of the amount. 1% of 500 = Rs. 5
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5% for 3 years (SI) = 15% of the amount; At the same time 4% SI for 4 years means 16% of the amount. The difference between the two is 1% of the amount. 1% of 500 = Rs. 5 What is the difference between the simple interest on a principal of rupees 500 been calculated at 5% per annum for 3 years and 4% per annum for 4 years?Detailed Solution
500/- for 3 years at simple interest at 5% per annum. ∴ The amount is Rs. 575.
What is the difference between compound interest and simple interest on a principal of 500?Solution : Compound Interest`=C.I.`<br>Simple Interest`=S.I.`<br>Rate `(R)=10%`<br>Time Period `(n)=2` years. <br>`C.I.-S.I. =Rs. 500`<br>We know that,<br>`C.I.-S.I.
What is the difference between simple interest and compound interest on ₹ 500 for 2 years at 10% pa?At the rate of compound interest of 10% per annum, find the sum of money for which the difference of compound interest and the simple interest in 2 years is Rs. 500. The difference between the compound interest (compounded annually) and simple interest on a certain sum at 10% per annum for 2 years is 3631.
What is the difference between the simple interest on a principle of Rs 5000 being calculated at 5% pa for 3 years and 4 Pa for 4 years *?Thus, the difference in interest is Rs. 38.125.
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What is the difference between the simple interest on a principal of rupees 500 been calculated at 5% per annum for 3 years and 4% per annum for 4 years?
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