Get Started
2948

Q: If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?

  • 1
    Rs. 540
  • 2
    Rs. 415
  • 3
    Rs. 404
  • 4
    Data is not sufficient
  • Show Answer
  • Workspace

Answer : 4. "Data is not sufficient"
Explanation :

Answer: D) Data is not sufficient Explanation: Let the sum be Rs. p, rate be R% p.a. and time be T years. Then,  P×T×(R+2)100-P×T×R100=108  ⇒2PT= 10800  ...... (1)  And,   P×R×(T+2)100-P×R×T100=180   ⇒2PR = 18000 ......(2) Clearly, from (1) and (2), we cannot find the value of pSo, the data is not sufficient.

Previous Next
Quantitative Aptitude GATE CAT GRE Bank Exams

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today