📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Jupiter borrowed a sum of Rs 31,500 from Mars at the

    rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rate of 16% for same years to a total profit of Rs 3,090. Find how much amount does he add?
    A Rs 25000 Correct Answer Incorrect Answer
    B Rs 1500 Correct Answer Incorrect Answer
    C Rs 2000 Correct Answer Incorrect Answer
    D Rs 12500 Correct Answer Incorrect Answer
    E Rs 2500 Correct Answer Incorrect Answer

    Solution

    Let the amount added be ‘P’ According to question, Interest of Jupiter = ((31500 + P) ×16 ×3)/100 - ((31500 + P) ×14 ×3)/100 = 3090 = 3/10 {[(31500+P)×16]-(31500 ×14)} = 3090 = 3/10 [504000+16P-441000] = 3090 = 16 P = 4000 P = Rs 2500

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question