Multiple Choice Questions on If the C I on certain sum at 20 rate of interest in 2yrs is 13200 Then find the simple interest on s........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If the C I on certain sum at 20 rate of interest in 2yrs is 13200 Then find the simple interest on s...........

Quantitative Aptitude ( CCS) Compound Interest
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    If the C.I on certain sum at 20% rate of interest in 2yrs is 13200. Then find the simple interest on same sum at same rate of interest when time is 3yrs.

    Rs18,000

    Correct Answer

    Rs12,000

    Incorrect Answer

    Rs15,000

    Incorrect Answer

    Rs20,000

    Incorrect Answer
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    Explanation:

    C.I for 2yrs = 20% = 1/5
    5 ……………….6
    5 ……………….6
    25 ………………36
    11/25 * 100 = 44%
    44% = 13200
    We need S.I = 20*3 = 60%
    1% = 300
    60% = 18,000

    Hence, option 1 is the correct answer.

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