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

    Question

    A man invested Rs. 8,000 at simple interest of 'x%' p.a.

    and received Rs. 16,000 after 2 years. If he had invested Rs. 24,000 at simple interest of 'x%' p.a. for 3 years, then find the interest earned by him from this investment
    A Rs. 37000 Correct Answer Incorrect Answer
    B Rs. 36500 Correct Answer Incorrect Answer
    C Rs. 36800 Correct Answer Incorrect Answer
    D Rs. 36000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total interest earned in 2 years = 16000 - 8000 = Rs. 8,000 ATQ; 8000 = (8000 × x × 2) ÷ 100 Or, x = 50 So, required interest earned = (24,000 × 50 × 3) ÷ 100 = Rs. 36000

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