Multiple Choice Questions on Reena is borrowed a sum of Rs 6000 from Raveena at the rate of 14 for 2 years She then added so........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Reena is borrowed a sum of Rs 6000 from Raveena at the rate of 14 for 2 years She then added so...........

Quantitative Aptitude ( CCS) Compound Interest
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    Reena is borrowed a sum of Rs. 6000 from Raveena  at the rate of 14% for 2 years. She then added some more money to the borrowed sum and lent it to Sameera at the rate of 18% of simple interest for the same time. If Reena gained Rs. 650 in the whole transaction , then what sum did he lend to Sameera?

    Rs.6427.12

    Incorrect Answer

    Rs.8015.41

    Incorrect Answer

    Rs.6472.22

    Correct Answer

    Rs.7541.2

    Incorrect Answer
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    Explanation:

    Solution:
    Let the money lent to Sameera be Rs.x
    Therefore ,
    x*(18/100)*2 – 6000*(14/100)*2 = 650
    => x= 6472.22

    By: Pranav Gupta
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