📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


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

    Question

    A man invested Rs. 20,000 at simple interest of 'x%'

    p.a. and received Rs. 40,000 after 2 years. If he had invested Rs. 25,000 at simple interest of 'x%' p.a. for 3 years, then find the interest earned by him from this investment
    A Rs. 27500 Correct Answer Incorrect Answer
    B Rs. 37000 Correct Answer Incorrect Answer
    C Rs. 37500 Correct Answer Incorrect Answer
    D Rs. 35500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total interest earned in 2 years = 40000 - 20000 = Rs. 20,000 ATQ; 20000 = (20000 X x X 2) ÷ 100 Or, x = 50 So, required interest earned = (25,000 X 50 X 3) ÷ 100 = Rs. 37500

    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