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      Question

      The interest received on investing Rs. (3p + 1000) on

      simple interest at 12% p.a. for 5 years is Rs. (1.2p + 1200). Find the ratio (p + 200) :(p + 1000)
      A 2:3 Correct Answer Incorrect Answer
      B 1:2 Correct Answer Incorrect Answer
      C 3:5 Correct Answer Incorrect Answer
      D 4:5 Correct Answer Incorrect Answer
      E 5:6 Correct Answer Incorrect Answer

      Solution

      Simple interest = Principal X rate X time Γ· 100 So, 1.2p + 1200 = (3p + 1000) X 12 X 5 Γ· 100 Or, 1.2p + 1200 = 1.8p + 600 Or, 0.6p = 600 Or, 'p' = 1000 Required ratio = (1000 + 200) :(1000 + 1000) = 1200:2000 = 3:5

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