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

    Question

    Simple interest earned on an amount of Rs.1200 at rate

    of R% per annum after 2 years is Rs.216. Find the simple interest earned on an amount of Rs.1400 at rate of (R + 4)% per annum after 3 years.
    A Rs.546 Correct Answer Incorrect Answer
    B Rs.530 Correct Answer Incorrect Answer
    C Rs.525 Correct Answer Incorrect Answer
    D Rs.542 Correct Answer Incorrect Answer

    Solution

    According to question, => 216 = 1200 × R% × 2 => R = 216/24 = 9 Therefore, required interest = 1400 × (9 + 4)% × 3 = Rs.546

    Practice Next

    Relevant for Exams: