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  9. Q9

SSC MTS & Havaldar 2024 · Question 9 of 76

A sum invested at 5% simple interest per annum grows to ` 806 in 6 years. If the amount remains the same, how much will it grow at a 12% simple interest rate in 5 years?

  1. A` 992Correct
  2. B` 985
  3. C` 1,000
  4. D` 1,120

Answer: A. ` 992

Explanation

Let the amount invested be P ∴ 806 – P = P × 6 × 5 100 8060 – 10P = 3P ⇒ 8060 = 13P ⇒ P = `620 So, when r = 12% and t = 5 years SI = 620 12 5 100 372 × × = So, amount = ` (620 + 372) = ` 992

Source: SSC MTS 2024 (30-Sep-2024 Shift 1) solved paper with key+explanations, via oswaal360.com · reliable-secondary

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