Mukesh borrowed a sum of Rs 10000 at simple interest from a bank After two years he takes Rs 12000

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Previous Question: A sum of Rs. 2900 amounts to Rs. 3422 in 3 years. Had the rate of interest be 3% higher then what would the sum amount in the same time period? (a) Rs. 4465 (b) Rs. 3683 (c) Rs. 3596 (d) Data inadequate (e) None of these Next Question: The ratio of the present ages of Ram and Rahim is 3 : 2. The ratio of the present ages of Rahim and Aman is 5 : 2. What is the ratio of the present ages of Ram and Aman? (a) 4 : 15 (b) 15 : 4 (c) 9 : 5 (d) Cannot be determined (e) None of these

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Mukesh borrowed a sum of Rs. 10000 at simple interest from a bank. After two years he takes Rs. 12000 more as loan and discharge all the debt at the end of next 3 years depositing Rs. 27160 to the bank. What is the rate of interest per annum?
(a) 5%
(b) 6%
(c) 8%
(d) 10%
(e) None of these: Asked In L&T ABHINAV PUSHPAM (8 years ago); Unsolved Read Solution (5); Is this Puzzle helpful? (17) (9) Submit Your Solution Simple & Compound Interest

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Latest L&T Aptitude Question SOLUTION: Mukesh borrowed a sum of Rs. 10000 at simple interest from a bank. After two years he takes Rs. 12000 more as loan and discharge all the debt at the end of next 3 years depositing