SSC CPO SI and ASI 2016 Paper

Question : 107 of 200

Marks: +1, -0

A sum of ` x was put on simple interest at a certain rate for 2 years. Had it been put at a 3% higher rate, it would have fetched ` 300 more. The value of 4x is

Rs. 16,000
Rs. 24,000
Rs. 20,000
Rs. 36,000

Validate

Solution:

(3) According to the question, theinterest earned at 3% on RS. x for 2years must be ` 300. So,

{x × 3 × 2}/{100}=300 ⇒ x=Rs.5000

Therefore,
4x = 4 × 5000 = Rs.20000

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