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Railways Sample Paper RRB (Group D) Sample Test Paper-5

  • question_answer
    Prabhat look a certain amount as a loan from a bank at the rate of 8% p.a. simple interest and gave the same amount to Ashish as a loan at the rate of 12% p.a. If at the end of 12 years, he made a profit of? 960 in the deal, then the original Amount was:

    A)  Rs. 3356          

    B)  Rs. 1000

    C)  Rs. 2000          

    D)  Rs. 3000

    Correct Answer: C

    Solution :

    [c] Difference of rates = 4% \[\therefore \,\,\,\frac{\Pr incipal\times Time\times Rate}{100}=960\] \[\Rightarrow \frac{x\times 12\times 4}{100}=960\] \[\Rightarrow x=\frac{960\times 100}{12\times 4}=Rs.\,\,2000\]


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