Multiple Choice Questions on The annual income of a person decreases by Rs 64 if the annual rate of interest decreases from 4 to ........... for CDS Exam Preparation

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Multiple Choice Questions

The annual income of a person decreases by Rs 64 if the annual rate of interest decreases from 4 to ...........

Quantitative Aptitude (CDS) Simple Interest
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    The annual income of a person decreases by Rs. 64 if the annual rate of interest decreases from 4% to 3.75%. What is his original annual income?

     

    Rs.  24,000
     

    Incorrect Answer

    Rs. 25,000
     

    Incorrect Answer

    Rs. 25,600
     

    Correct Answer

    Rs. 24,600

    Incorrect Answer
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    Explanation:

    Let the annual income = x

    As per the conditions given in the question, (x*1*4/100) – (x *1*3.75/100) = 64

    x/100 *(4-3.75) = 64

    x= 64*100/.25

    x = Rs. 25600

    By: Munesh Kumari
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