Quantitative Aptitude :: Simple Interest - Discussion

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Choose the correct option.

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

ARs. 1325

BRs. 1300

CRs. 1350

DRs. 1500

ENone of these

Answer: Option (Login/Signup)

Show Explanation

=Rs((100*702)/(100+8*0.5) + (100*702)/(100+8*1))

=Rs(675+650)

=Rs 1325

STEP-BY-STEP

Megha Sinha
4 Dec, 2018 7:16 PM

Pw of rs 702 due 6 months +pw of rs 702 due 1 year

=Rs((100*702)/(100+8*0.5) + (100*702)/(100+8*1))

=Rs(675+650)

=Rs 1325

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