Quantitative Aptitude :: Simple Interest - Discussion

Show Explanation

Please attempt the question to view the Explanation !!!

Explanation:
S.I. on Rs. 7350 for 1 year = Rs. (8575-7350) = Rs. 1225.
Therefore, Rate = (100*1225 / 7350*1) % = 16 2/3 %.
Let the sum be Rs. X. then, x[1 + (50/3*100)]^2 = 7350.
=> x * 7/6 * 7/6 = 7350.
=> x = [7350 * 36/49] = 5400.
So, Sum = Rs. 5400.