New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A person lent Rs. 15000 at SI for 2 years at rate 20%.

    The interest he got again lent at CI for 2 years at rate 10%. Find the amount he got after 2 years.
    A Rs 4230 Correct Answer Incorrect Answer
    B Rs 8000 Correct Answer Incorrect Answer
    C Rs 8500 Correct Answer Incorrect Answer
    D Rs 7260 Correct Answer Incorrect Answer

    Solution

    SI for 2 years = (15000 * 2 * 20)/100 = Rs. 6000
    Now principal = Rs.6000
    After 2 years, Rs. 6000 will become = 6000(1+ 10/100)²
    = 6000 * 11/10 * 11/10
    = Rs. 7260

    Practice Next