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  9. Q67

ibps-rrb-os1 2019 · Question 67 of 186

A man borrows money at 3% p.a. simple interest and lent it immediately at 8% p.a. compounded interest payable half yearly and thus gains Rs. 3096 at end of year. What was the sum borrowed?

Percentage

  1. ARs 40000
  2. BRs 30000
  3. CRs 50000
  4. DRs 20000
  5. ERs 60000Correct

Answer: E. Rs 60000

Explanation

He borrows @ 3% p.a. & he gets = (4 + 4 + (4 × 4)/100). So he gains directly 5.16% (= 8.16 % -3 %) Hence P × 5.36% =3096 or P = 3096 × 100/5.16 = Rs. 60000

Source: IBPS RRB PO (Scale 1) Officer 2019 Mains Previous Year Paper — Answer Key & Detailed Solutions (memory-based compilation, ixamBee) · memory-based

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