SATHEE: Quantitative Aptitude Ques 1643

Quantitative Aptitude Ques 1643

Question: Vikram invested Rs. 2 lakh at a simple interest rate of 12% per annum for one year. He then added Rs. 500 to total amount accumulated at the end of one year and earned simple interest at the rate of 13% per annum. How much amount he would have earned as a simple interest at the end of the second year? [LIC (ADO) 2015]

Options:

A) Rs. 26065

B) Rs. 26940

C) Rs. 26445

D) Rs. 29185

E) Rs. 29595

Show Answer

Answer:

Correct Answer: D

Solution:

[d] Given, P = Rs. 200000, Rate (r) = 12% per annum, t = 1 yr $ SI=\frac{P\times R\times T}{100}=\frac{200000\times 12\times 1}{100}=Rs.,24000 $ Total amount $ =200000+24000=Rs.,224000 $ When Rs. 500 added then total amount $ =224000+500=Rs.224500 $ Now, P = Rs. 224500, r = 13%, t = 1 yr $ SI=\frac{224500\times 13\times 1}{100}=Rs.,29185 $

Quantitative Aptitude Ques 1642

Quantitative Aptitude Ques 1644

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