Q. A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum
becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the
sum and the duration.
-
(A)
rs. 2000 and 20 years
-
(B)
rs. 1900 and 8.25 years
-
(C)
rs. 1500 and 7 years
-
(D)
rs. 1800 and 5.5 years
β
Correct Answer: (D)
rs. 1800 and 5.5 years