model 3 combination of si & ci Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26 [SSC CGL Prelim 2008]

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: (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 : 27 [SSC Asst Grade-III 2012]

The compound interest on a certain sum of money for 2 years at 10% per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be

a) Rs.400

b) Rs.350

c) Rs.380

d) Rs.375

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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