New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Vipul invested Rs.4000 at the rate of R% simple

    interest for four years and he got Rs.1600 as interest. If he invest same amount for 2 years in C.I. and rate of interest increased by 4%, then find the interest received by Vipul after 2 years.
    A Rs.2098.4 Correct Answer Incorrect Answer
    B Rs.1458.4 Correct Answer Incorrect Answer
    C Rs.1294.4 Correct Answer Incorrect Answer
    D Rs. 1094.4 Correct Answer Incorrect Answer
    E Rs. 1198.4 Correct Answer Incorrect Answer

    Solution

    => 1600 = (4000 × R × 2)/100 => R = 10% C.I. for 2 years, => 14 + 14 + (14 × 14)/100 = 29.96% => 29.96% of 4000 => (29.96/100) × 4000 = Rs. 1198.4

    Practice Next

    Relevant for Exams: