Multiple Choice Questions on A sum of Rs X is invested in a scheme offering simple interest for 2 years at the interest rate of 2........... for SBI(PO) Exam Preparation

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Multiple Choice Questions

A sum of Rs X is invested in a scheme offering simple interest for 2 years at the interest rate of 2...........

Quantitative Aptitude (SBI-PO) Simple Interest
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    A sum of Rs. X is invested in a scheme offering simple interest for 2 years at the interest rate of 20% per annum. A sum of Rs. 2X is invested in the same scheme for 3 years. If the difference between the interest received after respective periods is Rs. 1524, what is the value of 3X?

    Rs. 1905

    Incorrect Answer

    Rs. 3810

    Incorrect Answer

    Rs. 762

    Incorrect Answer

    Rs. 2286

    Incorrect Answer

    Rs. 5715

    Correct Answer
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    Explanation:

    According to question,
    60% of 2X − 40% of X = 1524
    ⇒ 1.2X – 0.4X = 1524
    ⇒ X = 1524/0.8= 1905
    ⇒ 3X = 3 × 1905 = Rs. 5715

    By: Munesh Kumari
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