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      Question

      Sashi invested a certain amount of rupees ___ at simple

      interest for 3 years. If the interest rate had been 5% higher, the investment would have earned Rs.___ more A)  Rs.3600, Rs.540 B)  Rs.1440, Rs.312 C)  Rs.3500, Rs.525 D)  Rs.2400, Rs.375       
      A All A, B, C and D Correct Answer Incorrect Answer
      B Only A, B and D Correct Answer Incorrect Answer
      C Only A and C Correct Answer Incorrect Answer
      D Only B and D Correct Answer Incorrect Answer
      E Only A Correct Answer Incorrect Answer

      Solution

      Rate of interest (more) =5%  T=3 years  Final Rate of interest (more) = 5*3 =15%  The interest receives more=3600*(15 /100) = Rs.540  This satisfies the above condition.  From option (B)  Rate of interest (more) =5%  T=3 years  Final Rate of interest (more) = 5*3 =15%  The interest receives more = 1440*(15/100) = Rs.216  This does not satisfy the above condition.  From option (C)  Rate of interest (more) =5%  T=3 years  Final Rate of interest (more) = 5*3 =15%  The interest receives more=3500*(15 /100) =Rs.525  This satisfies the above condition.  From option (D)  Rate of interest (more) =5%  T=3 years  Final Rate of interest (more) = 5*3 =15%  The interest receives more=2400*(15 /100) =Rs.360  This does not satisfy the above condition. 

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