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Jaideep invested two equal sums at 12% simple interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep? 
  • a)
    Rs. 61,200
  • b)
    Rs. 61,500
  • c)
    Rs. 62,900
  • d)
    Rs. 62,300
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Jaideep invested two equal sums at 12% simple interest p.a. for 8 year...
GIVEN:
Rate of Interest = 12%
Time = 8 and 10 years
Difference in Interest = Rs. 14688
FORMULA USED:
Interest = P × R × T / 100
CALCULATION:
Let Principal = Rs. x,
According to the question
∴ (x × 10 × 12)/100 – (x × 8 × 12)/100 = 14,688        
⇒ 120x/(100) – 96x/100 = 14,688
⇒ 24x/100 = 14,688                           
∴ x = Rs. 61,200
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Most Upvoted Answer
Jaideep invested two equal sums at 12% simple interest p.a. for 8 year...
GIVEN:
Rate of Interest = 12%
Time = 8 and 10 years
Difference in Interest = Rs. 14688
FORMULA USED:
Interest = P × R × T / 100
CALCULATION:
Let Principal = Rs. x,
According to the question
∴ (x × 10 × 12)/100 – (x × 8 × 12)/100 = 14,688        
⇒ 120x/(100) – 96x/100 = 14,688
⇒ 24x/100 = 14,688                           
∴ x = Rs. 61,200
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Jaideep invested two equal sums at 12% simple interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep?a)Rs. 61,200b)Rs. 61,500c)Rs. 62,900d)Rs. 62,300Correct answer is option 'A'. Can you explain this answer?
Question Description
Jaideep invested two equal sums at 12% simple interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep?a)Rs. 61,200b)Rs. 61,500c)Rs. 62,900d)Rs. 62,300Correct answer is option 'A'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Jaideep invested two equal sums at 12% simple interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep?a)Rs. 61,200b)Rs. 61,500c)Rs. 62,900d)Rs. 62,300Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Jaideep invested two equal sums at 12% simple interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep?a)Rs. 61,200b)Rs. 61,500c)Rs. 62,900d)Rs. 62,300Correct answer is option 'A'. Can you explain this answer?.
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