Multiple Choice Questions on Equal amounts are deposited in two banks each at 3 5 pa for 12 years and 8 5 years respectively If t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Equal amounts are deposited in two banks each at 3 5 pa for 12 years and 8 5 years respectively If t...........

Quant (SSC) Percentage
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    Equal amounts are deposited in two banks each at 3.5% pa for 12 years and 8.5 years respectively. If the difference between their interests is Rs. 189.875 then what is the amount?

    Rs. 1550

    Correct Answer

    Rs. 1650

    Incorrect Answer

    Rs. 1750

    Incorrect Answer

    Rs. 1850

    Incorrect Answer
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    Explanation:

    Let the amount be ‘x’
    ∴ x × 3.5 × 12 /100 - x × 3.5 × 8.5/100
    = 189.875
    42x – 29.75x = 18987.5
    ∴ x = 18987.5 /12.25 = 1550

    By: Amit Kumar
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