Multiple Choice Questions on A sum was put with simple interest at a certain rate for 22 years Had it been put at 4 4 higher rate........... for CLAT : Law entrance Exam Preparation

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Multiple Choice Questions

A sum was put with simple interest at a certain rate for 22 years Had it been put at 4 4 higher rate...........

Quantitative Aptitiude (CLAT) Simple Interest
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    A sum was put with simple interest at a certain rate for 22 years. Had it been put at 4%4% higher rate, it would have fetched ?60?60 more. What is the sum?

    940

    Incorrect Answer

    820

    Incorrect Answer

    700

    Incorrect Answer

    750

    Correct Answer
    Explanation:

    Let the sum be xx and the rate is R%

    X×(R+4)×2100−x×R×2100=60⇒x×4×2100=60⇒x=750

    By: Parvesh Mehta
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