Quantitative Aptitude Ques 1096

Question: The simple interest accrued on an amount at the end of 5 yr at the rate of 12.5% per annum is Rs. 1575. What is the amount?

Options:

A) Rs. 2050

B) Rs. 2550

C) Rs. 2250

D) Rs. 2520

E) None of the above

Show Answer

Answer:

Correct Answer: D

Solution:

  • [d] Given, simple interest (SI) = Rs. 1575 $ Time,(t),=5yr $
    $ \Rightarrow $ $ Rate,(r),=12.5% $ $ Amount=? $ We know, simple interest $ =\frac{Amount\times Time\times Rate}{100} $

$ \Rightarrow $ $ 1575=\frac{Amount\times 5\times 12\text{.5}}{100} $

$ \Rightarrow $ $ Amount=\frac{1575\times 100}{5\times 12.5} $

$ \Rightarrow $ $ Amount=Rs\text{.},2520 $