Railways Quantitative Aptitude Compound Interest Sample Paper Simple Interest & Compund Interest Sample Test Paper-15

  • question_answer
    A man had Rs. 1200, part of which he lent at 5% and the remaining at 4% he got Rs. 106 as interest after 2 years. The amount lent at 5% is

    A)  Rs. 700

    B)  Rs. 800

    C)  Rs, 500

    D)  Rs. 400

    Correct Answer: C

    Solution :

    [c] Let x be lent at 5% and (1200 ? x) at 4% Then we have, \[\frac{x\times 5\times 2}{100}+\frac{(1200-x)\times 4\times 2}{100}=106\] \[\Rightarrow \] \[x=500.\]


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