model 4 difference in ci & si Practice Questions Answers Test with Solutions & More Shortcuts

Question : 21 [SSC CPO 2011]

On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is 56. The sum is

a) 5780

b) 1080

c) 8750

d) 7805

Answer: (c)

Using Rule 6,

Rate of interest = 8% per halfyear

Time = 2 half years

Difference of interests = ${PR^2}/100$

56 = $P × (8)^2/(100)^2$

P = ${56 × 10000}/64$ = 8750

Question : 22 [SSC CGL Prelim 2005]

The difference between simple and compound interest on a certain sum of money for 2 years at 4 per cent per annum is 1. The sum of money is :

a) 650

b) 600

c) 560

d) 625

Answer: (d)

Using Rule 6,

When difference between the CI and SI on a certain sum of money for 2 years at r % rate is x, then

Sum = x × $(100/r)^2$

= 1 × $(100/4)^2$ = Rs.625

Question : 23 [SSC SO 2007]

A sum of 6,000 is deposited for 3 years at 5% per annum compound interest (compounded annually). The difference of interests for 3 and 2 years will be

a) 375.00

b) 75.00

c) 330.75

d) 30.75

Answer: (c)

Using Rule 1,
If A = Amount, P = Principal, r = Rate of Compound Interest (C.I.), n = no. of years then,
A=P$(1 + r/100)^n$, C.I. = A - P
C.I. = P$[(1 + r/100)^n - 1]$

C.I. after 3 years

= 6000$[(1 + 5/100)^3 - 1]$

= 6000$({9261 - 8000}/8000)$

= 6000 × $1261/8000$ = Rs.945.75

CI after 2 years

= $6000[(1 + 5/100)^2 - 1]$

= 6000$({441 - 400}/400)$

= 6000 × $41/400$ = Rs.615

Required difference

= Rs.(945.75 - 615) = Rs.330.75

Question : 24 [SSC CPO S.I.2003]

The difference between compound interest and simple interest on 2500 for 2 years at 4% per annum is

a) 4

b) 40

c) 14

d) 45

Answer: (a)

S.I. = Rs.${2500 × 2 × 4}/100$ = Rs.200

C.I. = Rs.2500$[(1 + 4/100)^2 - 1]$

= Rs.2500$[(26/25)^2 - 1]$

= Rs.${(676 - 625)}/625$ × 2500

= Rs.$51/625 × 2500$ = Rs.204

The required difference

= C.I. - S.I. = Rs.(204 - 200) = Rs.4

Using Rule 6,

Here, C.I. - S.I.= ?, P = Rs.2500, R = 4%, T = 2

C.I. - S.I.= P$(R/100)^2$

= 2500$(4/100)^2$

= 2500 × $1/25 × 1/25$

C.I.–S.I. = Rs.4

Question : 25 [SSC CGL Prelim 2002]

The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is 15. Then the sum is :

a) 7,000

b) 6,500

c) 6,000

d) 5,500

Answer: (c)

Let the sum Rs.x. Then,

C.I. = $x(1 + 5/100)^2 - x$

= ${441x}/400 - x = {441x - 400x}/400$

= $41/400$x

Now, S.I. = ${x × 5 × 2}/100 = x/10$

(C.I.) - (S.I.)= ${41x}/400 - x/10$

= ${41x - 40x}/400 = x/400$

$x/400 = 15$

x = 15 × 400 = 6000

Hence, the sum is Rs.6000

Using Rule 6,
The difference between C.I. and S.I. on a sum 'P' in 2 years at the rate of R% rate of compound interest will be
C.I - S.I. = P$(R/100)^2 = {S.I. × R}/200$
For 3 years, C.I. - S.I. = P$(R/100)^2 × (3 + R/100)$

C.I. - S.I. = Rs.15, R = 5%, T = 2 years, P =?

C.I. - S.I. = P$(R/100)^2$

15 = P$(5/100)^2$

P = 15 × 400 = Rs.6000

IMPORTANT quantitative aptitude EXERCISES

model 4 difference in ci & si Shortcuts »

Click to Read...

model 4 difference in ci & si Online Quiz

Click to Start..

Recently Added Subject & Categories For All Competitive Exams

Ratio and Proportion Questions with Solutions, IBPS Clerk

New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam

02-May-2024 by Careericons

Continue Reading »

Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024

Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024

01-May-2024 by Careericons

Continue Reading »

SSC STENO: Mensuration Area & Volume Questions Test PDF

Free Mensuration Area and Volume Aptitude-based Practice multiple questions with solutions, Quiz, Full Mock Test & PDF for SSC Steno (Grade C & D) 2024 Exam

30-Apr-2024 by Careericons

Continue Reading »

SSC STENO: Speed Time and Distance MCQ Questions Test PDF

Free Time and Distance Aptitude-based Practice multiple questions with solutions, Quiz series, Mock Test & Download PDF for SSC Steno (Grade C & D) 2024 Exam

29-Apr-2024 by Careericons

Continue Reading »