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SSC Sample Paper Mock Test-16 SSC CGL Tear-II Paper-1

  • question_answer
    Ramesh invested Rs. 500 for 4 yr and Rs. 600 for 3 yr at simple interest. If the total interest on both is Rs. 190, what is the rate of interest per cent per annum?

    A) 10%     

    B)  5%

    C)  8%

    D)  2%

    Correct Answer: B

    Solution :

    If rate of interest be x%, then SI on Rs.\[500=\frac{500\times 4\times x}{100}\]= Rs.\[20x\]and SI on Rs. 600 \[=\frac{600\times 3\times x}{100}\] = Rs. \[18\,\,x\] \[\therefore \]      \[20x+18x=190\] \[\therefore \]      \[x=\frac{190}{38}=5%\]


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