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Q: Avinash gave a sum of 5400 at the simple rate of interest of 8% to Rajeev for 4 years and Rajeev gave this amount to Chanukya at the rate of 6% for 4 years. Find how much extra amount has to be paid by Rajeev to Avinash after 4 years?

  • 1
    Rs. 364
  • 2
    Rs. 432
  • 3
    Rs. 498
  • 4
    Rs. 554
  • Show Answer
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Answer : 2. "Rs. 432"
Explanation :

Answer: B) Rs. 432 Explanation: Here Avinash gave to Rajeev and Rajeev gave the same to Chanukya Principal amount and Time is same but the only difference is Rate of interest. Rajeev took @ 8% and gave it to Chanukya @ 6% Here the difference in interest rate = 2% 2% of 5400 should be the extra amount paid by Rajeev to Avinash Required amount = 2 x 5400 x 4100 = 432   Hence, Rs. 432 is the extra amount has to be paid by Rajeev to Avinash after 4 years.

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