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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • A persom invests ? 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs, he has to withdraw the entire money after 3 yr for which the bank allowed him a lower rate of interest. If he gets ? 3320 less than, what he would have got at the end of 5 yr the rate of interest allowed by bank is


  • Options
  • A. 78/9%
  • B. 87/9%
  • C. 78/9%
  • D. 77/9%

  • Correct Answer
  • 77/9% 

    Explanation

    Let the rate of interest allowed by bank be r%
    According to the question,
    [(12000 x 5 x 10)/100] - [(12000 x 3 x r)/100] = 3320
    ? 6000 - 360r = 3320
    ? 360r = 6000 - 3320 = 2680
    ? r = 2680/360 = 74/9%


  • More questions

    • 1. Two numbers A and B are such that the sum of 5% of A and 4% of B is two-third of the sum of 6% of A and 8% of B. Find the ratio of A : B.

    • Options
    • A. 2 : 3
    • B. 1 : 1
    • C. 3 : 4
    • D. 4 : 3
    • Discuss
    • 2. A train 240 m long passes a pole in 24 seconds. How long will it take to pass a platform 650 m long?

    • Options
    • A. 65 sec
    • B. 89 sec
    • C. 100 sec
    • D. 150 sec
    • Discuss
    • 3. What was the day of the week on 17th June, 1998?

    • Options
    • A. Monday
    • B. Tuesday
    • C. Wednesday
    • D. Thursday
    • Discuss
    • 4. The H.C.F. of two numbers is 11 and their L.C.M. is 7700. If one of the numbers is 275, then the other is:

    • Options
    • A. 279
    • B. 283
    • C. 308
    • D. 318
    • Discuss
    • 5. 
      1872/ ? ? = 234

    • Options
    • A. 324
    • B. 64
    • C. 8
    • D. 256
    • Discuss
    • 6. 
      For every 4 leaps taken by a dog, a cat takes 5 leaps in the same time. But distance covered in 3 leaps of dog is same as that of 4 leaps of cat. Then what is the ratio of speed of dog and cat?

    • Options
    • A. 15 : 14
    • B. 16 :15
    • C. 12 :11
    • D. 10 : 9
    • Discuss
    • 7. 
      A come of height 7 cm and base radius 3 cm is curved from a rectangular block of wood 10 cm x 5 cm x 2 cm. The percentage of wood wasted is?

    • Options
    • A. 34%
    • B. 46%
    • C. 54%
    • D. 66%
    • Discuss
    • 8. 
      1, 9, 25, 49, 81,?

    • Options
    • A. 90
    • B. 135
    • C. 121
    • D. 125
    • Discuss
    • 9. 
      An accurate clock shows the time as 3:00 after hour hand has moved 135°, the time would be?

    • Options
    • A. 7:30
    • B. 6:30
    • C. 8:00
    • D. 9:30
    • Discuss
    • 10. 
      P.V. Narsihma Rao was elected party leader on 29th may, 1991. What was the day of the week?

    • Options
    • A. Tuesday
    • B. Friday
    • C. Wednesday
    • D. Sunday
    • Discuss


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