Arithmetic

Simple & Compound Interest

Easy

Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is

420

690

560

None of the options

✅ Correct Option: 3

In two years $=₹800$

In three years $=₹920$

So interest gathered in one year $=920-800=₹120$

So going back two years from $800=800-120-120=₹560$

IPMAT Rohtak 2019

Veena has to pay Rs. 2460 to Sita, 5 months later at 6% simple interest per annum, and Gita has to pay Sita the same amount at 7.5% simple interest per annum after certain months. If both took the same amount of loan from Sita then Gita paid the loan after how many months?

IPMAT Rohtak 2020

Bhavani invested an amount of Rs. 13900 divided in two different schemes, A and B at the simple interest rate of 14% per annum and 11% per annum respectively if the total amount of simple interest earned in two year be Rs. 3508, what was the amount invested in Scheme B?

Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is

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IPMAT Rohtak Past Year Questions (Topic-Wise)