Multiple Choice Questions on A takes Rs 6000 from B for 2 yr at the rate of 5 half ndash yearly interest What amount will be paid........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A takes Rs 6000 from B for 2 yr at the rate of 5 half ndash yearly interest What amount will be paid...........

Quantitative Aptitude ( CCS) Simple Interest
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    A takes Rs 6000 from B for 2 yr at the rate of 5 % half – yearly interest. What amount will be paid by A to B after the end 2 yr?

     Rs 600

    Incorrect Answer

     Rs 6500

    Incorrect Answer

     Rs 6000

    Incorrect Answer

     Rs 6600

    Correct Answer
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    Explanation:

     Here, P = Rs 6000, T = 2 yr = 4 half – yr, R = 5 % = 5/2%
    SI = (P×R×T)/100 = (6000×4×5)/(100 ×2) = Rs 600
    ∴ Amount paid to B = P + SI = 6000 + 600 = Rs 6600

    By: Rishu Sondhi
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