Simple Interest

Quantitative Aptitude (Insurance)

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Veer invested Rs. 275000 on S.I. at the rate of 7% p.a. for 2 years and Rs ‘Y” on CI at the rate of 10% pa for 2 years. If total SI obtained in two years is equal to CI obtained only on second year then, find ‘Y’

3,50,000

3,00,000

4,00,000

2,50,000

4,50,000

Explanation:

By: Parvesh Mehta

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