Quantitative Aptitude Ques 2067

Question: The simple interest on Rs. 4000 in 3 yr at the rate of x% per annum equals to the simple interest on Rs. 5000 at the rate of 12% per annum in 2 yr. The value of x is [SC (CGL) 2013]

Options:

A) 6%

B) 8%

C) 9%

D) 10%

Show Answer

Answer:

Correct Answer: D

Solution:

  • According to the question, two simple interests are equal. Then, $ \frac{4000\times 3\times x}{100}=\frac{5000\times 12\times 2}{100} $

$ \therefore $ $ x=10 $ %