SSC CGL 5 Aug 2017 Shift 1 Paper

Question : 60 of 100

Marks: +1, -0

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to ₹250 less than the sum lent. What was the sum lent (in₹)?

1000
1500
2400
3000

Validate

Solution:

Let the sum lent = ₹ x
According to the question,

x-{x× 5× 15}/100=250

⇒

100x-75x =250×100

⇒

25x =250×100

∴

x=\₹1000

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