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<html><body><h2 id="content-id-9510283647-2"><b>Simple Interest Questions Overview</b></h2><p>Simple Interest Questions have a good weightage in the Selection Post 12th English Exam and the type of question asked in Selection Post 12th English exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Simple Interest Questions.</p><h2 id="content-id-4205638917-3"><b>Question On Simple Interest </b></h2>On what principle will the difference between Compound Interest and Simple Interest at a 10% rate in 3 years be equal to Rs.620?
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Moderate </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 34 Seconds </h3></div></div><h2 id="content-id-7609843521-4"><b> Simple Interest Questions Options</b></h2><ol><li><p>Rs.24000</p>
</li><li><p>Rs.25000</p>
</li><li><p>Rs.20000</p>
</li><li><p>Rs.18000</p>
</li></ol> <h2 id="content-id-9240365781-5"><b> Simple Interest Questions Solution</b></h2><p>The correct answer is <strong>Option 3</strong> i.e. <strong>Rs.20000.</strong></p>

<p>Difference = (P × R<sup>2</sup>)(300 + R)/100<sup>3</sup></p>

<p>here, P = Principal, R = Rate</p>

<p>⇒ 620 = (P × 10 × 10)(300 + 10)/100<sup>3</sup></p>

<p>⇒ 620000000 = (P × 10 × 10)(310)</p>

<p>⇒ P = 6200000/310</p>

<p>⇒ P = Rs.20000</p>

<p>Thus, the principal is  Rs. 20,000.</p>
<h2 id="content-id-5702163984-6"><b> Simple Interest Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Simple_Interest_Questions_Tips_and_Tricks.png" alt="Simple Interest Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Simple Interest Questions without taking any help from the solutions.</li><li>Simple Interest Questions require proper usage of concept so firstly read the question thoroughly and then use the right concept. </li><li>In case you're not able to solve the question in less than 30 seconds in the exam then you should skip the question and move to the next question.</li></ol><h3><b>Daily Current Affairs </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Daily_Current_Affairs.png" alt="Daily Current Affairs" height="260" width="480"><p>KD Live is providing Current Affairs on a daily basis for SSC and a current affairs quiz too for the practice. 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More than 10 lakh aspirants have cleared competitive exams under the guidance of Neetu Mam. Study.kdcampus.live is providing free information on various topics and for the Selection Post 12th English Exam you can refer the following link <a href="https://study.kdcampus.live/selection-post-12th-english" target="_blank">Click Here</a> however if you want to practice more questions then please refer the following link <a href="https://study.kdcampus.live/question-answer" target="_blank">Click Here</a>.<h3><b>About Neetu Mam</b></h3>Neetu Mam is primarily passionate for the English language and teaching from the last 20 years however for the Simple Interest Questions. She has guided her team to provide the best explanation for the question.</body></html>


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