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

    Question

    Rahul invested Rs. ‘x’ at 13% p.a. and Rohit

    invested Rs. (x + 300) at 12% p.a. If the interest after 3 years is Rs. 1755, find the value of ‘x’.
    A Rs 2500 Correct Answer Incorrect Answer
    B Rs 2314.29 Correct Answer Incorrect Answer
    C Rs 2196 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 × 0.13 × 3) + {(x + 300) × 0.12 × 3} = 1755 Or, 0.39x + 0.36x + 108 = 1755 Or, 0.75x = 1647 Or, x = 1647 / 0.75 = 2196 Or, x = Rs. 2196

    Practice Next

    Relevant for Exams: