Multiple Choice Questions on If the ratio of interest rate of E to that of D is 2 3 then what is the Principal P of D ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the ratio of interest rate of E to that of D is 2 3 then what is the Principal P of D ........

Quantitative Aptitude ( CCS) Data Table
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    Person

    Type of Interest

    Principal(P)

    Amount (A)

    Years

    Rate of Interest(%)

    A

    Compound

    —

    —

    2

    2

    B

    Simple

    —

    —

    4

    —

    C

    Compund

    20000

    —

    2

    4

    D

    Simple

    —

    29500

    3

    —

    E

    Compound

    10000

    —

    —

    4

    If the ratio of interest rate of E to that of D is 2:3 then what is the Principal(P) of D?

    15000

    Incorrect Answer

    20000

    Incorrect Answer

    35000

    Incorrect Answer

    25000

    Correct Answer
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    Explanation:

    Explanation :
    R(%) = 4*3/2 = 6
    Principal – x
    x + (x*3*6/100) = 29500
    x = 25000

    By: Pranav Gupta
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