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On a sum of money, the compound interest for 2 years is Rs. 832, while the simple interest for the same time period is Rs.800, then find out the difference amount for period of 3 years?

  1. 98.56
  2. 96.43
  3. 90
  4. None of these

Answer (Detailed Solution Below)

Option 1 : 98.56
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Detailed Solution

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 1st

 2nd 

 

 SI

 400 

 400

 400

 CI 

 400

 432 

 432+432×8/100 

 

Rate = 32/400 × 100 = 8%

Total SI for 3 years = 1200

Total CI for 3 years = 1298.56

∴ Difference = 98.56

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Latest SSC CHSL Updates

Last updated on Jul 18, 2025

-> The Staff selection commission has released the SSC CHSL Notification 2025 on its official website on 23rd June 2025.

-> The SSC CHSL Apply Online 2025 has also started. The last date to complete SSC CHSL form fill up is 18th July, 2025.

-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025. 

-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government. 

-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).

-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.  

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