Question

    The simple interest earned on ₹3,000 at a rate of 8%

    per annum for 4 years is ₹x. If ₹2,520 is the simple interest earned on ₹5,000 at a rate of 12% per annum for a’ years, find the value of X × a
    A 3560 Correct Answer Incorrect Answer
    B 3895 Correct Answer Incorrect Answer
    C 4032 Correct Answer Incorrect Answer
    D 3584 Correct Answer Incorrect Answer

    Solution

    X = (3000×8×4)/100 X =960 Now – 2520 =(5000×12×a)/100 a = 4.2 Value of x × y = 960×4.2=4032.

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question