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Railways R.R.C. (Jabalpur) Solved Paper Held on 2nd Shift 9-11-2014

  • question_answer
    A sum was put at simple interest for 5 years. Had it been put at 2% higher rate, it would have fetched Rs.500 more. What is the sum?

    A) Rs. 4,400                      

    B) Rs. 4,500

    C) Rs. 75,200                    

    D) Rs. 5,000

    Correct Answer: D

    Solution :

    Let the sum \[=Rs.\,\,p\] Then,    \[\frac{p\times 2\times 5}{100}=500\] \[p=Rs.\,\,5,000\]


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