Multiple Choice Questions

Karun borrowed Rs12 000 from Varun and Rs15 000 from Tarun each for two years at the same rate of si...........

Quantitative Aptitude (MTS) Simple Interest

Karun borrowed Rs12,000 from Varun and Rs15,000 from Tarun, each for two years at the same rate of simple interest per

annum. If he paid an interest of Rs1,680 to Varun at the end of 2 years, then what is the interest that Karun paid to Tarun at the

end of the 2-year period?

This questions was previously asked in

SSC MTS 26th July 2022 Shift-1

Rs2,050

Rs1,800

Rs2,100

Rs2,350

- Karun borrowed Rs12,000 from Varun and paid Rs1,680 as the interest after 2 years.

- The formula for simple interest is $Interest = Principal \times Rate \times Time$ .

- We know $1, 680 = 12, 000 \times Rate \times 2$ .

- Solving for Rate gives us $Rate = \frac{1, 680}{24, 000} = 0.07$ or 7% per annum.

- Tarun lent Rs15,000 at the same rate for 2 years.

- Interest paid to Tarun = $15, 000 \times 0.07 \times 2 = 2, 100$ .

- Option 3: Rs2,100 is the correct answer.

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