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Railways R.R.C. (Chennai) Solved Paper Held on 2nd Shift 9-11-2014

  • question_answer
    A sum of money at simple interest amounts to Rs. 2, 240 in 2 years and to Rs. 2, 600 in 5 years. What is the principal amount?

    A) Rs. 1,000                      

    B) Rs. 1,500

    C) Rs. 2,000                      

    D) Rs. 2,500

    Correct Answer: C

    Solution :

    Suppose principal amount is Rs.P. Then,    \[2240=p+\frac{p\times r\times 2}{100}\] ?(1) \[2600=p+\frac{p\times r\times 5}{100}\] ?(2) On solving eq. (1) and (2), P = Rs. 2000.


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