Multiple Choice Questions on A certain sum of money at simple interest amounts to Rs 1300 in 2 years and to Rs 1525 in 3 5 y........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A certain sum of money at simple interest amounts to Rs 1300 in 2 years and to Rs 1525 in 3 5 y...........

Quantitative Aptitude ( CCS) Simple Interest
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    A certain sum of money at simple interest  amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years . Find the sum and the rate of interest.

    Rs850, 10%

    Incorrect Answer

    Rs900, 12%

    Incorrect Answer

    Rs800, 13%

    Incorrect Answer

    Rs1000,15%

    Correct Answer
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    Explanation:

    1525-1300= 225 for 1.5 yrs (3.5-2)
    so for one yr 225/1.5= 150
    then for 2 yrs interest is 150+150=300
    Then principal 1300-300=1000.
    Now 150/1000*100= 15%

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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    Ankita Garg

    whether it is compound or simple interest..not mentioned

    0 0 reply
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