Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A certain sum amounts to Rs. 2584 at 15% p.a. simple interest in 2\(\frac{2}{5}\) years. Find double of the sum.

Options:

1900

2700

3250

3800

Correct Answer:

3800

Explanation:

Total rate = 15% × \(\frac{12}{5}\) = 36%                        

⇒ P × 136% = 2584

⇒ P = \(\frac{2584}{136}\) × 100 = 1900

⇒ 2P = 3800/-