Tech Mahindra
Company
Numerical Ability
Simple & Compound Interest
Q. In simple interest what sum amounts of Rs.1120/-in 4 years and Rs.1200/-in 5 years ?
Option
(a) Rs. 500
(b) Rs. 600
(c) Rs. 800
(d) Rs. 900
Read Solution (Total 15)
-
- For 1 year interest= 1200-1120=80
for 4 year 320
then sum= 1120-320=800 - 11 years agoHelpfull: Yes(62) No(1)
- 1 year Interest = 1200-1120 = 80/-
4 year interest = 4*80 = 320.
1120 - 320 = 800 ans. (c) - 11 years agoHelpfull: Yes(16) No(0)
- (c)Rs 800
If Sum=P, Interest rate=R, then according to simple interest formula
P+[(P*4*R)/100]=1120 ,100P+4PR=112000 ---(i) &
P+[(P*5*R)/100]=1200, 100P+5PR=120000 ---(ii)
From (i) & (ii), PR=8000 & P=800, R=10 - 11 years agoHelpfull: Yes(12) No(2)
- Sum = Principle(initial amount)+Interest
Interest for 1 yr = 1200-1120=Rs.80
for 4 yrs =Rs.320 , for 5 yrs =Rs.400
therefore, for 4 yrs.......
1120=P+320 => P=Rs.800
for 5 yrs.......
1200=P+400 => P=Rs.800
So P=Rs.800. - 11 years agoHelpfull: Yes(9) No(0)
- in simple interest, the interest per year is constant
interest per year = rs (1200 - 1120) = rs 80
so P = rs (1120 - 4*80)
= rs 800 - 11 years agoHelpfull: Yes(7) No(1)
- 800 is the answer
- 11 years agoHelpfull: Yes(5) No(0)
- for one year(1200-1120=80)
for 4 years 80*4=320
therefore 1120-320=800 - 11 years agoHelpfull: Yes(1) No(0)
- 800
s.i for 1 year=1200-1120=80
for 5 years s.i=400
p=1200-400=800 - 11 years agoHelpfull: Yes(1) No(0)
- P+[(P*4*R)/100]=1120 ,100P+4PR=112000 ---(i) &
P+[(P*5*R)/100]=1200, 100P+5PR=120000 ---(ii)
From (i) & (ii), PR=8000 & P=800, R=10 - 11 years agoHelpfull: Yes(0) No(0)
- 1200-1120=80.
for 1 year rs 80 is interest.
for 4 year=80*4=320.
1120-320=800.
ans=800
- 11 years agoHelpfull: Yes(0) No(0)
- 1120->4
1200->5
1200-1120=80 and 5-4=1 so for 1 year interset is Rs.80
for 4 years=320
for 5 years=400
therefore,original amount=1120-320=800
or
original Amount=1200-400=800
- 11 years agoHelpfull: Yes(0) No(0)
- c) 800
(P+P*r*4/100=1120 and P+P*r*5/100=1200) - 9 years agoHelpfull: Yes(0) No(0)
- c) 800
1120 in 4 yr
1200 in 5 yr
in one yr intrest =1200-1120=80
in 4r interest =4*8=320
p=1120-320=800 - 8 years agoHelpfull: Yes(0) No(0)
- simple interest for 1year =1200-1120=80
for 4years =320
old money=new money-simple interest
1120-320
800
so answer is C - 8 years agoHelpfull: Yes(0) No(0)
- For 1 year s.i=1200-1120
for 5 years=400
amount=1200-400=800 - 7 years agoHelpfull: Yes(0) No(0)
Tech Mahindra Other Question