ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

  • google app store apple app store
  • тЬЦ

      Question

      A man invested Rs. 15,000 at simple interest of 'x%'

      p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%' p.a. for 3 years, then find the interest earned by him from this investment
      A Rs. 40000 Correct Answer Incorrect Answer
      B Rs. 45500 Correct Answer Incorrect Answer
      C Rs. 45700 Correct Answer Incorrect Answer
      D Rs. 45000 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Total interest earned in 2 years = 30000 - 15000 = Rs. 15,000 ATQ; 15000 = (15000 ├Ч x ├Ч 2) ├╖ 100 Or, x = 50 So, required interest earned = (30,000 ├Ч 50 ├Ч 3) ├╖ 100 = Rs. 45000

      Practice Next
      More Simple and compound interest Questions
      ask-question