Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of ₹27,000 is divided into two parts A and B such that the simple interest at the rate of 15% p.a. on A and after two years and four years, respectively, is equal. The total interest (in ₹) received together from A and B is:

Options:

9,600

5,400

18,000

10,800

Correct Answer:

10,800

Explanation:

Total Principal = Rs 27000 ( X + Y)

It is divided into parts .

First part at 15% in 2 years at Principal ( X)

First part at 15% in 4 years at Principal ( Y)


Interest = \(\frac{Principal ×Rate × Time }{100}\)

ATQ

Interest1  =  Interest 2

\(\frac{X ×15×2}{100}\) =\(\frac{Y×15×4}{100}\)

2X =  4Y

X :  Y

2: 1

ATQ

3  part =  27000

1 part = 9000

Principal ( X) = 2× 9000 =  Rs 18000

Principal ( Y) = 1× 9000 =  Rs 9000

Total Interest = Rs  Interest+ Interest 2

                       = \(\frac{18000×15× 2 }{100}\) + \(\frac{9000×15× 4 }{100}\)

                        = 5400+ 5400

                        = Rs 10800