πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    ⚑ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚑ Enroll Now

    Question

    Simple interest received at the rate of 9% p.a. for 5

    years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6 years on the principal amount of Rs. β€˜X’. Find the value of β€˜X’.
    A 1500 Correct Answer Incorrect Answer
    B 1000 Correct Answer Incorrect Answer
    C 1400 Correct Answer Incorrect Answer
    D 1200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, (4000 Γ— 0.09 Γ— 5) = 2 Γ— (X Γ— 0.10 Γ— 6) Or, 1800 = 1.2X Or, X = 1800/1.2 = 1500

    Practice Next
    More Simple and compound interest Questions
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call