Quantitative Aptitude Ques 1018
Question: A certain amount earns simple interest of Rs. 1750 after 7 yr. Had the interest been 2% more, how much more interest would it have earned?
Options:
A) Rs. 35
B) Rs. 350
C) Rs. 245
D) Cannot be determined
E) None of the above
Show Answer
Answer:
Correct Answer: D
Solution:
- Let the principal be Rs. x and rate of interest be r% Case I $ \frac{x\times r\times 7}{100}=1750 $
$ \Rightarrow $ $ x\times r=\frac{1750\times 100}{7}=Rs\text{.}25000 $ Case II $ SI=\frac{x\times (r+2)\times 7}{100} $ which cannot be determined with the help of giver information.
BETA
