Quantitative Aptitude Ques 593

Question: The sum which amounts to Rs. 364.80 in 8 yr at 3.5% simple interest per annum is

Options:

A) Rs. 285

B) Rs. 280

C) Rs. 275

D) Rs. 270

E) None of these

Show Answer

Answer:

Correct Answer: A

Solution:

  • $ 364.80=\frac{x\times 8\times 3.5}{100}+x $

$ \Rightarrow $ $ 364.80=x+\frac{7x}{25} $

$ \Rightarrow $ $ x=\frac{364.80\times 25}{32} $
$ \Rightarrow $ $ x=Rs.,285 $

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