A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. The sum is

Rs 4000
Rs 4950
Rs 5000
Rs 5150

Correct Answer: Rs 5000

Explanation:

Let the rate of interest be R

(Interest at rate (R+4)%)–(Interest at R%)

= 600(PT(R+4)/100) –(PTR/100)

= 6003PR +12P –3PR = 60000

12P = 60000

P = 5000

More Questions from Simple Interest

How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?
Simple interest on a certain sum of money for 3 years at 10% per annum is half the compound interest on Rs 6000 for 2 years at 10% per annum. The sum placed on simple interest is
Each question contains Quantity I and Quantity II. Read the contents clearly and answer your questions accordingly. Quantity I: The Sl on a certain sum of money for 3 years at 5% per annum is Rs 4800. Then the principle is? Quantity II: The Cl on a certain sum of money for 2 years at 6% per annum is Rs. 3708. Then the principle is?
A sum of Rs 8000 is divided into two parts. The simple interest on first part at the rate of 21% per annum is equal to the simple interest on second part at the rate of 35% per annum. What is the interest (in Rs) of each part?
The interest earned on Rs. 1600 at the rate of 5% S>I per annum for 6 yrs would be:
At 9.5% simple interest per annum a sum of money became Rs. 942 in 6 years. The sum initially invested was:
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is
The difference between the simple interest obtained by investing Rs. 'X' with 8% per annum for an year and by investing Rs. 'X+1400' with 8% per annum for two years is 240 Rs. Find the value of X.
The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?
What Principal will yield Rs. 120 as Simple Interest at 6% p.a. in 10 years?

Discussion & Comments

No comments yet. Be the first to comment!