New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Atul has Rs.500 with him. He invested 30% of the amount

    at 5% p.a. for 6 years and rest at 20% p.a. for 4 years. Find the sum of simple interests received by Atul from the two investments.
    A Rs.306 Correct Answer Incorrect Answer
    B Rs.325 Correct Answer Incorrect Answer
    C Rs.396 Correct Answer Incorrect Answer
    D Rs.297 Correct Answer Incorrect Answer

    Solution

    SI received from 30% of the sum = (0.3 x 500 x 5 x 6)/100 = Rs.45 SI received from 70% of the sum = (0.7 x 500 x 20 x 4)/100 = Rs.280 Therefore, total SI received = Rs.(45 + 280) = Rs.325

    Practice Next

    Relevant for Exams: