Question : A sum of money at a fixed rate of simple interest amounts to INR 1630 in 3 years and to INR 1708 in 4 years. Find the sum (in INR).
Option 1: 1132
Option 2: 1296
Option 3: 1396
Option 4: 1448
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 1396
Solution : The difference in the amounts after 3 years and 4 years gives us the simple interest for 1 year. The simple interest for 1 year is INR 1708 – INR 1630 = INR 78 Interest for 3 years = (78 × 3) = INR 234 The initial sum = INR 1630 – INR 234 = INR 1396 Hence, the correct answer is 1396.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A sum of money invested at a certain rate of simple interest per annum amounts to INR 14,522 in seven years and to INR 18,906 in eleven years. Find the sum invested (in INR).
Question : A sum of money at simple interest amounts to INR 1,200 in 3 years and INR 1,350 in 4 years. The sum is:
Question : A sum of money amounts to INR 767 in 3 years, and to INR 806 in 4 years on simple interest at 6% per annum. What is the sum?
Question : A certain sum amounts to INR 3,640 in 2 years and INR 4,060 in 8 years at simple interest. Find the approximate rate percentage per annum.
Question : A certain sum of money lent at simple interest amounts to INR 1,200 in 2 years and INR 1,600 in 4 years. The rate percentage per annum is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile