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SSC MTS & Havaldar 2014 · Question 38 of 82

Ram borrows a certain sum of money at 8% per annum simple interest and Rahim borrows Rs. 2,000 at 5% per annum simple interest. If the interest at the end of 3 years is equal, then the amount borrowed by Ram is

  1. A1,250Correct
  2. B1,500
  3. C2,000
  4. D1,000

Answer: A. 1,250

Explanation

Rahim borrows Rs. 2,000 at 5% per annum simple interest. Time period = 3 years Let amount that Ram borrowed = Rs. x at 8% P×R×T Simple interest = 100 According to ques, x×8×3 2000×5×3 => 100 = 100 => 8x = 10, 000 10000 => x = 8 = Rs. 1250

Source: Solved SSC MTS 23 February 2014 Shift 1 Paper with Solutions · reliable-secondary

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