model 3 combination of si & ci Section-Wise Topic Notes With Detailed Explanation And Example Questions
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The following question based on compound interest topic of quantitative aptitude
(a) Rs.400
(b) Rs.350
(c) Rs.380
(d) Rs.375
The correct answers to the above question in:
Answer: (a)
If the principal be P then
C.I. = P$[(1 + R/100)^T - 1]$
420 = P$[(1 + 10/100)^2 - 1]$
420 = P$({121 - 100}/100)$
420 = ${P × 21}/100$
P = ${420 × 100}/21$ = Rs.2000
S.I. = ${PRT}/100 = {2000 × 10 × 2}/100$ = Rs.400
Using Rule 10,
Here, C.I. = Rs.420, R = 10%, S.I. = ?
C.I. = S.I.$(1 + R/200)$
420 = S.I.$(1 + 10/200)$
420 = S.I.$(210/200)$
S.I. = ${420 × 200}/210$ = Rs.400
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Read more combination of si and ci Based Quantitative Aptitude Questions and Answers
Question : 1
The compound interest on a certain sum of money at 5% per annum for 2 years is Rs.246. The simple interest on the same sum for 3 years at 6% per annum is
a) Rs.432
b) Rs.435
c) Rs.430
d) Rs.450
Answer »Answer: (a)
Using Rule 1,
C.I. = P$[(1 + R/100)^T - 1]$
246 = P$[(1 + 5/100)^2 - 1]$
246 = P$[(21/20)^2 - 1]$
246 = P$({441 - 400}/400)$
246 = ${41P}/400$
P = ${246 × 400}/41$ = Rs.2400
SI = $\text"Principal × Time × Rate"/100$
= ${2400 × 3 × 6}/100$ = Rs.432
Question : 2
If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, the compound interest on the same at the same rate and for the same time is :
a) Rs.50.05
b) Rs.50.50
c) Rs.51.50
d) Rs.51.25
Answer »Answer: (d)
Principal = $\text"S.I. × 100"/ \text"Time × Rate"$
= ${50 × 100}/{2 × 5}$ = Rs.500
C.I. = P$[(1 + R/100)^T - 1]$
= 500$[(1 + 5/100)^2 - 1]$
= 500$[(1 + 1/20)^2 - 1]$
= 500$[(21/20)^2 - 1]$
= 500$(441/400 - 1)$
= ${500 × 41}/400$ = Rs.51.25
Question : 3
The simple interest on a sum of money for 3 years is Rs. 240 and the compound interest on the same sum, at the same rate for 2 years is Rs. 170. The rate of interest is :
a) 5$5/17$%
b) 8%
c) 12$1/2$
d) 29$1/6$%
Answer »Answer: (c)
Since, S.I. for 3 years = Rs.240
S.I. for 2 years = $240/3$× 2 = Rs.160
${PR × 2}/100$ = 160
PR = 160 × 50 = 8000...(i)
Again, C.I. - S.I. = 170 - 160 = Rs.10
${PR^2}/10000$ = 10
${8000 × R}/10000$ = 10
R = $100/8 = 25/2 = 12{1}/2$%
compound interest Shortcuts and Techniques with Examples
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model 1 basic compound interest using formula
Defination & Shortcuts … -
model 2 at ci sum becomes ‘n’ times after ‘t’ years
Defination & Shortcuts … -
model 3 combination of si & ci
Defination & Shortcuts … -
model 4 difference in ci & si
Defination & Shortcuts … -
model 5 ci with instalments
Defination & Shortcuts … -
model 6 comparing sum in different years
Defination & Shortcuts …
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