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Aptitude · Q45

Interest

Competitive Exams · Aptitude · question 45

Q45

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

A.
Rs. 35
B.
Rs. 245
C.
Rs. 350
D.
Cannot be determined
Answer
E.
None of these

Answer: Option D

Solution

Answer: Option D
Solution:
We need to know the S.I., principal and time to find the rate.
Since the principal is not given, so data is inadequate.