Question

    The simple interest earned on 2,400 at a rate of 5% per annum for 3 years is RS x and RS 1,736 is the simple interest earned on RS 6,200 at a rate of 14% for years, then the value of (x × y) is:

    A 480 Correct Answer Incorrect Answer
    B 540 Correct Answer Incorrect Answer
    C 720 Correct Answer Incorrect Answer
    D 360 Correct Answer Incorrect Answer

    Solution

    X = (2400×5×3)/100 X =360 Now – 1736 =(6200×14×y)/100 Y = 2 Value of x × y = 360×2=720

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