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On a certain sum of money lent out at 40% per annum, the difference between the compound interest for 1 year, payable half yearly, simple interest for 1 year is Rs. 200. The sum is:

This question was previously asked in
SSC GD Constable (2022) Official Paper (Held On : 01 Feb 2023 Shift 2)
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  1. Rs. 4,500
  2. Rs. 4,000
  3. Rs. 5,500
  4. Rs. 5,000

Answer (Detailed Solution Below)

Option 4 : Rs. 5,000
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Detailed Solution

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Given:

Difference (D) = Rs. 200,

Rate (r) = 40%

Concept:

D = P(r/200)2

Solution:

⇒ 200 = P(40/200)2

⇒ Solving this equation yields P = Rs. 5000

Therefore, the sum is Rs. 5000

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Latest SSC GD Constable Updates

Last updated on Jul 8, 2025

-> The Staff Selection Commission released the SSC GD 2025 Answer Key on 26th June 2025 on the official website.

-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.

-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies. 

-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.

-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.

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