Multiple Choice Questions on Two equal sums were lent on simple interest at 6 and 10 per annum respectively The first sum was rec........... for SSC CGL Exam Preparation

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Multiple Choice Questions

Two equal sums were lent on simple interest at 6 and 10 per annum respectively The first sum was rec...........

Quantitative Aptitude (CGL) Simple Interest
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    Two equal sums were lent on simple interest at 6% and 10% per annum respectively. The first sum was recovered two years later than the second sum and the amount in each case was Rs1105. What was the sum (in Rs) lent in each scheme?

    This questions was previously asked in
    SSC CGL 13th August 2021 Shift-3
    View All ssc Previous Year Papers

    900

    Incorrect Answer

    850

    Correct Answer

    936

    Incorrect Answer

    891

    Incorrect Answer
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    Explanation:

    Let the sum lent in each scheme = P
    Let the sum at 6% and 10% simple interest was recovered after 't+2' years and 't' years respectively.

    t = 3
    Substituting t = 3 in equation (2), we get P = 850
    The sum lent in each scheme = Rs850
    Hence, the correct answer is Option B

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