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

    Question

    Priya deposited Rs. ‘x’ at 14% p.a. simple interest,

    and Neha deposited Rs. (x + 600) at 11% p.a. simple interest. If after 2 years, the total interest earned by both was Rs. 1512, find the value of ‘x’.
    A Rs.2450 Correct Answer Incorrect Answer
    B Rs.2500 Correct Answer Incorrect Answer
    C Rs.2760 Correct Answer Incorrect Answer
    D Rs.4250 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    (x × 0.14 × 2) + {(x + 600) × 0.11 × 2} = 1512

    Or, 0.28x + 0.22x + 132 = 1512

    Or, 0.50x = 1380

    Or, x = 1380 / 0.50 = 2760

    Or, x = Rs.2760

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