Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of Rs. 9800 amounts to Rs. 12600 at 9.33% p.a. simple interest in a certain time. What will be the simple interest (in Rs.) on a sum of Rs. 25200 at the same rate for the same time?

Options:

2700

2070

7200

7020

Correct Answer:

7200

Explanation:

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

S.I. = 12600 - 9800 = 2800

P →      9800      :      25200

                7       :        18

  S.I. →     7                  ↓ x400

                ↓ x400        7200

              2800