Multiple Choice Questions

A sum of money at a fixed rate of simple interest amount to Rs 1 630 in 3 years and to Rs 1 708 in 4...........

Quantitative Aptitude (CGL) Simple Interest

A sum of money at a fixed rate of simple interest amount to Rs 1,630 in 3 years and to Rs 1,708 in 4 years. Find the sum (in Rs)

This questions was previously asked in

ssc cgl 2023 pre

1132

1296

1396

1448

Let's solve this problem step by step:

- The amount after 3 years is Rs 1,630 and after 4 years is Rs 1,708.

- The interest earned in the 4th year is Rs 1,708 - Rs 1,630 = Rs 78.

- In simple interest, the interest per year remains the same.

- So, the simple interest for 3 years is Rs 78 x 3 = Rs 234.

- Let the original principal be P.

- Then, P + 234 = 1,630.

- Solving for P, P = 1,630 - 234 = Rs 1,396.

Thus, the original sum is Rs 1,396.

- Option 3: 1396 is the correct answer.

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