RRB Junior Engineer Stage 1 Model Papers 5

Question : 26 of 100

Marks: +1, -0

Ram borrows a certain sum of money at 8% per annum simple interest and Rahim borrows ₹ 2,000 at 5% per annum simple interest. If the interest at the end of 3 years is equal, then the amount borrowed by Ram is

₹ 1,250
₹ 1,500
₹ 2,000
₹ 1,000

Validate

Solution:

Let Ram borrowed ₹ P

{P×8×3}/100={200×5×3}/100

P={2000×5}/8=₹1,250

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