Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of Rs.12519 amounts to Rs. 17290 at 11.44% p.a. simple interest in a certain time.  What will be the simple interest (in Rs.) on a sum of Rs. 18297 at the same rate for the same time?

Options:

6937

7369

9673

6973

Correct Answer:

6973

Explanation:

Since rate and time are same for both conditions, simple interest will be directly proportional to principal

S.I. = 17290 - 12519 = 4771

P → 12519     :     18297

            13     :     19

S.I. →   13            ↓ x367

            ↓ x367      6973

         4771