Vidyalelo
Aptitude · Q217

Interest

Competitive Exams · Aptitude · question 217

Q217

A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 in 4 years. The sum and the rate of interest p.a. are respectively:

A.
Rs. 5,600 and 9%
B.
Rs. 5,600 and 8.5%
Answer
C.
Rs. 5,400 and 9%
D.
Rs. 5,400 and 10%

Answer: Option B

Solution

Answer: Option B
Solution:
SI in three years = 7504 - 6076 = 1428
SI in one year
Now we can go through option; from option B