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

    Question

    Ravi invested Rs. ‘x’ at 12% simple interest p.a. and

    Ramesh invested Rs. (x + 600) at 9% simple interest p.a. If at the end of 3 years, the total interest received by both is Rs. 1620, find the value of ‘x’.
    A Rs 2500 Correct Answer Incorrect Answer
    B Rs 2314.29 Correct Answer Incorrect Answer
    C Rs 3644.44 Correct Answer Incorrect Answer
    D Rs 2637.50 Correct Answer Incorrect Answer
    E Rs 2152 Correct Answer Incorrect Answer

    Solution

    According to the question,(x × 0.12 × 3) + {(x + 600) × 0.09 × 3} = 1620Or, 0.36x + 0.27x + 162 = 1620Or, 0.63x = 1458Or, x = 1458 / 0.63 = 2314.29Or, x = Rs. 2314.29

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