Postal
Government Jobs Exams
Numerical Ability
Time Distance and Speed
A certain sum at a certain rate of simple interest amounts to rs.1200 in 4 years and rs.1450 in 9 years.Find the sum and rate of interest?
(a)Rs.500.10%
(b)Rs.800.8%
(c)Rs.900.7%
(d)Rs.1000.5%
Read Solution (Total 2)
-
- d) Rs1000, 5%
Let P be the sum and R rate
A = P + PNR/100
1200 = P + 4*PR/100 ---(1)
1450 = P + 9*PR/100 ---(2)
eqn (1)/(2)
1200/1450 = (1+4R/100)/(1+9R/100)
24/29 = (100+4R)/(100+9R)
24*(100+9R) = 29*(100+4R)
100R = 500
R = 5%
1200 = P + 4*PR/100
1200 = P + 4*5*P/100
P = 1200*5/6
= 1000
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