New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    When two equal amounts are deposited for 7 years and 5

    years at the rate of 6% and 8% per annum respectively, the difference of their simple interest is 300rs Then find the deposited amount.
    A 12000 Rs Correct Answer Incorrect Answer
    B 14000 Rs Correct Answer Incorrect Answer
    C 15000rs Correct Answer Incorrect Answer
    D 17000rs Correct Answer Incorrect Answer

    Solution

    Let the equal amount be P = x and given t₁=7year t₂=5years                r₁=6%, r₂=8% now SI₁=x × 7×6/100 =42x/100 SI₂ =x × 5×8/100 =40x/100 ATQ- SI₂-SI₁=300 42x/100-40x/100 = 300 2x/100=300 2x=300×100 x=15000rs

    Practice Next