Multiple Choice Questions on A sum was put at a certain rate of interest for four years Had it been put at a rate of interest 4 h........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum was put at a certain rate of interest for four years Had it been put at a rate of interest 4 h...........

Quantitative Aptitude ( CCS) Simple Interest
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    A sum was put at a certain rate of interest for four years. Had it been put at a rate of interest 4% higher than the previous rate of interest, it would have fetched Rs. 80 more. What is the sum ?

    450

    Incorrect Answer

    500

    Correct Answer

    700

    Incorrect Answer

    475

    Incorrect Answer
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    Explanation:

    x*4*(r+4)/100 – (x*4*r)/100 = 80
    4xr+16x – 4xr = 8000
    X = 8000/16 =500

    By: Pranav Gupta
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