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

    Question

    A certain sum when invested for 3 years in a scheme

    offering simple interest of 10% p.a. gives an interest of Rs. 765. What is 110% of the sum invested?
    A Rs. 2205 Correct Answer Incorrect Answer
    B Rs. 2405 Correct Answer Incorrect Answer
    C Rs. 2805 Correct Answer Incorrect Answer
    D Rs. 2825 Correct Answer Incorrect Answer

    Solution

    Let the sum invested = Rs. 100Y Then interest earned = 100Y × (0.10 × 3) = Rs. 30Y Or, 30Y = 765 Or, Y = (765/30) = 25.5 So, sum invested = Rs. 2550 110% of sum invested = 2550 × 1.10 = Rs. 2805

    Practice Next

    Relevant for Exams: