Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A borrowed a loan from B at 6% p.a. simple interest for 2 years and repaid the loan amount  Rs.48,832 with interest. The amount of loan taken by A (in Rs.) is:

Options:

48625

45365

43600

42058

Correct Answer:

43600

Explanation:

Total interest for 2 years = 6% x 2 = 12%

Therefore,

Amount = 112% of principal

⇒ Principal = \(\frac{48832 × 100}{112}\)

                 = ₨. 43600