Question : A sum of INR 36,000 is divided into two parts, A and B, such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in INR) received from A is:
Option 1: 1,800
Option 2: 3,600
Option 3: 7,200
Option 4: 5,400
Correct Answer: 7,200
Solution : Let the Principal for A be INR $x$. Then principal for B = $36000 - x$ We know, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ According to the question $\frac{15×x×2}{100} = \frac{[(36000 – x) × 15 × 4]}{100}$ ⇒ $x = 2(36000-x)$ ⇒ $x = 24000$ Then simple interest of A in two years = $\frac{15×x×2}{100}=\frac{15×24000×2}{100} = 7200$ Hence, the correct answer is 7,200.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : A sum of Rs 27,000 is divided into two parts A and B such that the simple interest at the rate of 15% p.a. on A and B after two years and four years, respectively, is equal. The total interest (in Rs) received together from A and B is:
Question : Two equal sums are lent at 8% and 4% simple interest p.a, respectively at the same time. The first sum is received 2 years earlier than the other and the amount received in each case is INR 14,500. Each sum is:
Question : Two equal sums are lent at 10% and 8% simple interest p.a. respectively, at the same time. The first sum was received 2 years earlier than the second one and the amount received in each case was INR 36,900. Each sum was ______.
Question : The compound interest amounts on a certain sum at a certain rate percentage p.a. for the second year and third year are INR 3,300 and INR 3,630, respectively. What is the amount of the same sum at the same rate in $2 \frac{1}{2}$ years, interest compounded yearly?
Question : Sudeep invested $\frac{1}{8}$th of a certain sum at 5% p.a. for two years and $\frac{3}{5}$th of the sum at 6% p.a. for two years and the remaining at 10% p.a. for two years. If the total interest received is INR 1,674, then the total sum invested is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile