Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 20763

Q.  In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ %?
- Published on 07 Jul 17

a. 6.3 years
b. 8.2 years
c. 9 years
d. 12 years

ANSWER: 6.3 years
 
P = Rs 900, R = 3 ½ % = 7/2 %, T = 2 years.
Therefore,
S.I. = PRT/100
S.I. = Rs. (900 x 7/2 x 2/100) = Rs. 63
Now, P = Rs. 200, S.I. = Rs. 63, R = 5 %
Time = ((100 x 63) / (200 x 5) ) years = 6.3 years

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