Allied & ICAR Exam Bank • ALLIED_1681 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Numerical Computation

Question Statement:

If the difference between CI and SI on a certain sum for 2 years at 8% per annum is Rs 64, the principal amount is:

Options:

  • (A) Rs 10,000
  • (B) Rs 8,000
  • (C) Rs 12,500
  • (D) Rs 15,000

Answer Key:

A

Step-by-Step Solution & Explanation

Difference = $P(R/100)^2 \implies 64 = P(8/100)^2 = P \times 64 / 10000 \implies P = 10,000$ rupees.
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