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

    Question

    Simple interest received at the rate of 12% p.a. for 10

    years on a principal amount of Rs. 3600 is twice of the simple interest received at 10% p.a. for 6 years on the principal amount of Rs. ‘X’. Find the value of ‘X’.
    A 3000 Correct Answer Incorrect Answer
    B 3100 Correct Answer Incorrect Answer
    C 3500 Correct Answer Incorrect Answer
    D 3600 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, (3600 × 0.12 × 10) = 2 × (X × 0.10 × 6) Or, 4320 = 1.2X Or, X = 4320/1.2 = 3600

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