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 $ %