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  9. Q128

TNPSC Group-I 2021 · Question 128 of 148

The difference between simple and compound interest on a certain sum of money for 2 years at 2% per annum is Rs. 4. Find the sum of money.

Aptitude - Interest

  1. ARs. 2000
  2. BRs. 7500
  3. CRs. 10,000Correct
  4. DRs. 12000

Answer: C. Rs. 10,000

Explanation

P x (2/100)^2 = 4 gives P = Rs. 10,000.

Source: TNPSC Group-I Prelims (held 3 Jan 2021) - official paper via examrace.com

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