PYQ Vault

Difference between the SIs on two loans

This type of question, asked 2 times: 9 Sep 2024 S2, 23 Sep 2024 S1. All 2 questions below, oldest first.

Try each one first, then open its answer.

  1. Question 1

    9 Sep 2024 S2

    57
    If a sum of ₹5,000 is taken at a simple rate of interest of 15% per annum for 3 years and another sum of ₹8,000 is taken at a simple interest of 12% per annum for 4 years, the positive difference of the interests paid is:

    Tap an option to check your answer.

  2. Question 2

    23 Sep 2024 S1

    58
    The difference between the simple interests on the principal of ₹500 at an interest rate of 5% per annum for 3 years and 4% per annum for 4 years is:

    Tap an option to check your answer.