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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • When a bank reduce the rate of interest from 6 1/ 2% per annum to 5 1/ 2% per annum, depositor withdrew Rs. 600 and thereby his interest reduced by ? 73. Find the initial deposit.?


  • Options
  • A. ? 4000
  • B. ? 6000
  • C. ? 7000
  • D. ? 9000

  • Correct Answer
  • ? 4000 

    Explanation

    Initially ,
    let P = ? A, R = 13/2% per annum and T = 1yr
    SI = PRT/100 = (A x 1 x 13/2)/100 = ? 13A/200

    Now, new deposit = ? (A - 600), R = 11/2 % per annum and T = 1yr
    SI = PTR/100 = [(A - 600) x 1 x 11/2)/100] = ? 11(A - 600)/200

    By the given condition ,
    13A/200 - 11(A - 600)/200 = 73
    ? 13A - 11(A - 600 ) = 200 x 73
    ? 2A = 200 x 73 - 600 x 11
    ? 2A = 14600 - 6600
    ? 2A = 8000
    ? A = 4000

    Hence, the initial investment is ? 4000.


  • More questions

    • 1. 
      198.995 x 12.005 + 16.25 x 6.95 =?

    • Options
    • A. 2580
    • B. 2550
    • C. 2400
    • D. 2500
    • Discuss
    • 2. 
      The face value of 8 in the numeral 458926 is?

    • Options
    • A. 8000
    • B. 8
    • C. 1000
    • D. 458000
    • Discuss
    • 3. 
      6, 9, 15, 21, 24, 28, 30?

    • Options
    • A. 25
    • B. 21
    • C. 24
    • D. 30
    • Discuss
    • 4. 
      6674 x 625 =?

    • Options
    • A. 4170160
    • B. 4072360
    • C. 4171050
    • D. 4171250
    • Discuss
    • 5. 
      If ax + by = 6, bx ? ay = 2 and x 2 + y 2 = 4, then the value of ( a 2 + b 2) would be :

    • Options
    • A. 10
    • B. 2
    • C. 4
    • D. 5
    • Discuss
    • 6. 
      What if the probability of getting a king or a queen in a single drawn from a pack of 52 cards?

    • Options
    • A. 1/26
    • B. 1/13
    • C. 2/13
    • D. None of these
    • Discuss
    • 7. 
      Find the 4th proportional to 4 , 16 and 7 ,

    • Options
    • A. 28
    • B. 29
    • C. 22
    • D. 25
    • Discuss
    • 8. 
      Raj sold an item for ? 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%

    • Options
    • A. ? 14656
    • B. ? 11856
    • C. ? 13544
    • D. cannot be determind
    • Discuss
    • 9. 
      (2/3) x (6/8) x (2/3) x (3/4) =?

    • Options
    • A. 0.25
    • B. 0.5
    • C. 1.45
    • D. 11.8
    • Discuss
    • 10. 
      The HCF and LCM of two natural numbers are 12 and 72, respectively. What is the difference between the two numbers, if one of the number is 24?

    • Options
    • A. 12
    • B. 18
    • C. 21
    • D. 24
    • Discuss


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