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If the difference between S.I. and C.I. for 2 years on a sum of money lent at 5% is Rs.6/-, then the sum is :

A) Rs.2,200/-
B) Rs.2,400/-
C) Rs.2,600/-
D) Rs.2,000/-
E) None of these

Correct Answer:


B) Rs.2,400/-

Description for Correct answer:
Difference = P( \( \large r/100^{2} \)) (only for 2 years)

=> 6 = P ( \( \large 5/100^{2} \)

=> P = \( \Large \frac{6 X 100 X 100}{5 X 5} \) = Rs. 2400/-

Part of solved SBI JuniorAssociate-4 questions and answers : Exams >> Bank Exams >> SBI JuniorAssociate-4

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