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    Question

    A man invested Rs. 7,000 at simple interest of 'x%' p.a.

    and received Rs. 14,000 after 2 years. If he had invested Rs. 80,000 at simple interest of 'x%' p.a. for 3 years, then find the interest earned by him from this investment
    A Rs. 125000 Correct Answer Incorrect Answer
    B Rs. 126000 Correct Answer Incorrect Answer
    C Rs. 128000 Correct Answer Incorrect Answer
    D Rs. 120000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total interest earned in 2 years = 14000 - 7000 = Rs. 7,000 ATQ; 7000 = (7000 ├Ч x ├Ч 2) ├╖ 100 Or, x = 50 So, required interest earned = (80,000 ├Ч 50 ├Ч 3) ├╖ 100 = Rs. 120000

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