Multiple Choice Questions on Rahul invested a sum of money at Simple Interest at a certain rate of interest for three years Had i........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Rahul invested a sum of money at Simple Interest at a certain rate of interest for three years Had i...........

Quantitative Aptitude ( CCS) Simple Interest
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    Rahul invested a sum of money at Simple Interest at a certain rate of interest for three years. Had it been invested at a 4% higher rate, it would have fetched Rs.480 more. Find out the Principal amount that was invested by Rahul?

    3000

    Incorrect Answer

    4000

    Correct Answer

    5000

    Incorrect Answer

    4500

    Incorrect Answer
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    Explanation:

    x – Principal
    Extra amount = 4% for 3 years = 12% of x = 480
    x = (480/12)*100 = 4000

    By: Pranav Gupta
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