SSC CHSL Model Paper 19

Question : 72 of 99

Marks: +1, -0

Ramesh borrowed a sum at 5% per annum simple interest from Rahul. He returns the amount after 5 years. Rahul returns 2% of the total amount received. How much did Ramesh borrowed if he received Rs. 5?

₹250
₹200
₹150
₹175

Validate

Solution:

Let the principal be Rs. P.

S.I. ={\Principal ×\Time ×\Rate}/100

{P × 5 × 5}/100=\Rs.P/4

Amount

=P+P/4=\Rs.{5P}/4

According to the question,

{5P}/4×2/100=5

⇒

P/40=5

⇒

P = 40× 5 = \Rs. 200

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