Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 28607

Q.  A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs.  3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.
- Published on 17 Mar 17

a. Rs. 2000 and 20 years
b. Rs. 1900 and 8.25 years
c. Rs. 1500 and 7 years
d. Rs. 1800 and 5.5 years

ANSWER: Rs. 1800 and 5.5 years
 
simple interest

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