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Solve this faster with the right shortcut first
Shortcut used: Identify the quantity asked, write the given values, then apply the direct arithmetic formula.
Solve in 3 steps:
- List the given numbers and units.
- Choose the formula that matches the asked value.
- Simplify carefully and compare with options.
Common mistake: Do not use a reasoning pattern shortcut in a quantitative question.
Question 1
Multiple Choice Question
Question
What is the difference between compound interest and simple interest on Rs. 10000 at 10% per annum for 2 years?
Explanation
Correct Answer: B
ANSWER
Correct Answer: B
Method / Topic: Compound Interest
The difference is Rs. 100.
Why this answer is correct
The answer follows from the arithmetic relation between the given values.
Short Explanation
The difference is Rs. 100.
Detailed Explanation
Question
What is the difference between compound interest and simple interest on Rs. 10000 at 10% per annum for 2 years?
ANSWER
Correct Answer: B
Method / Topic: Compound Interest
For 2 years, CI-SI = P(R/100)² = 10000×(0.10)²=Rs. 100.
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Question 1
Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Learn + solve
Shortcut used, common trap, and the fastest solving route
Shortcut used: Identify the quantity asked, write the given values, then apply the direct arithmetic formula.
Solve in 3 steps:
- List the given numbers and units.
- Choose the formula that matches the asked value.
- Simplify carefully and compare with options.
Common mistake: Do not use a reasoning pattern shortcut in a quantitative question.
Question
What is the difference between compound interest and simple interest on Rs. 10000 at 10% per annum for 2 years?
Explanation
Correct Answer: B
ANSWER
Correct Answer: B
Method / Topic: Compound Interest
The difference is Rs. 100.
Why this answer is correct
The answer follows from the arithmetic relation between the given values.
Short Explanation
The difference is Rs. 100.
Detailed Explanation
Question
What is the difference between compound interest and simple interest on Rs. 10000 at 10% per annum for 2 years?
ANSWER
Correct Answer: B
Method / Topic: Compound Interest
For 2 years, CI-SI = P(R/100)² = 10000×(0.10)²=Rs. 100.
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