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Banking Sample Paper IBPS PO (Main) Sample Test Paper-2

  • question_answer
    Direction: Study the following table carefully and answer the given questions.
    The ratio of the principal of Ritesh to that of Raman is 5 : 4. If the rate of simple interest for Ritesh is 20% more than the rate of interest applied for Raman, then calculate the interest earned by Ritesh.

    A)  Rs. 4000

    B)  Rs. 4600

    C)  Rs. 4800

    D)  Rs. 4400

    E)  Rs. 3600

    Correct Answer: C

    Solution :

    Principal for Ritesth\[=\frac{5}{4}\times 20000\]\[=Rs.\,25000\] Rate of interest will be \[4\times \frac{120}{100}=4.8%\] Simple of interest earned by Ritesh \[=\frac{25000\times 4.8\times 4}{100}=Rs.\,4800\]


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