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

    Question

    If the simple interest on a certain sum of money for 13

    months at 7*1/2% per annum exceeds the simple interest on the same sum for 7 months at 12*1/2% per annum by Rs. 42.50, then the sum of money (in Rs.) is.
    A Rs. 5,000 Correct Answer Incorrect Answer
    B Rs. 4,800 Correct Answer Incorrect Answer
    C Rs. 6,500 Correct Answer Incorrect Answer
    D Rs. 5,100 Correct Answer Incorrect Answer

    Solution

    Let the sum be x Using formula, I = PRT/100  we have, (x × 13/12  × 15/2)/100 - (x × 7/12  × 25/2)/100 = 42.50 ⇒ 65x/800 -  175x/2400 = 42.50 ⇒ (195x-175x)/2400 = 42.50 ⇒ 20x/2400 = 42.50 ⇒ x = (2400 × 42.50)/20 = 5,100 ∴ Required sum = Rs. 5,100

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