Multiple Choice Questions on A sum of money amounts to Rs 1500 after 3 years and Rs 2000 after 5 years at the same rate of SI Fin........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money amounts to Rs 1500 after 3 years and Rs 2000 after 5 years at the same rate of SI Fin...........

Quantitative Aptitude ( CCS) Simple Interest
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    A sum of money amounts to Rs. 1500 after 3 years and Rs.2000 after 5 years at the same rate of SI. Find the rate of interest per annum ?

    30.3%

    Incorrect Answer

    33.03%

    Incorrect Answer

    33.33%

    Correct Answer

    30.30%

    Incorrect Answer
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    Explanation:

    3 yr = 1500
    5yr = 2000
    Then SI 2yr (5-3) = 500
    SI 1yr = 250
    SI 3yr = 250*3 = 750
    P = 1500 – 750 = 750
    R = 750*100/750*3 = 33.33%

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