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SSC CHSL 2017 · Question 126 of 185

Two equal sum are invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The sum of interest obtained after 2 years from both the schemes is Rs 3717. If both scheme have 13% per annum interest rate, then what is the first year interest (in Rs) for simple interest scheme?

Simple and Compound Interest

  1. A900Correct
  2. B1200
  3. C1500
  4. D600

Answer: A. 900

Official answer key verified. Detailed explanation coming soon.

Source: SSC CHSL (Tier-1) 2017 Online Exam Paper held on 15 March 2018, Morning Shift (Quantitative Aptitude) — SSC-published paper with official answer key, via sscportal.in · official-answer-key

← Q125View full paper (185 questions)Q127 →

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