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SSC Sample Paper SSC CGL - Sample Paper-24

  • question_answer
    Two equal sums of money were invested, one at 4% and the other at \[4\frac{1}{2}%.\] At the end of 7 yr, the simple interest re 7 yr, from the latter exceeded to that received from the fan Rs. 31.50. Each sum was

    A) Rs. 1000                       

    B) Rs. 500

    C) Rs. 750             

    D) Rs. 900

    Correct Answer: D

    Solution :

    Let the principal \[=Rs.\,P\] \[\therefore \] According to question,             \[\frac{P\times 9\times 7}{2\times 100}-\frac{P\times 4\times 7}{100}=31.50\] \[\Rightarrow \]   \[63P-56P=6300\] \[\Rightarrow \]   \[P=\frac{6300}{7}=900\]


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