Banking Exams Exam  >  Banking Exams Questions  >   Anuka invested Rs.(P-2500) in simple interes... Start Learning for Free
Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?
  • a)
    Rs.8000
  • b)
    Rs.6000
  • c)
    Rs.5500
  • d)
    Rs.7200
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per ...
Given Data:
Anuka's principal = Rs. (P-2500)
Mano's principal = Rs. 5000
Anuka's rate = 10%
Mano's rate = 16%
Anuka's time = 3 years
Mano's time = 2 years
Anuka's interest = 50% more than Mano's interest

Solution:

Calculating Anuka's Interest:
Anuka's interest = (P-2500) * 10% * 3
Anuka's interest = 0.3P - 750

Calculating Mano's Interest:
Mano's interest = 5000 * 16% * 2
Mano's interest = 1600

Given Anuka's interest is 50% more than Mano's interest:
0.3P - 750 = 1600 + 0.5 * 1600
0.3P - 750 = 2400
0.3P = 3150
P = 10500
Therefore, Anuka's principal = Rs. (10500 - 2500) = Rs. 8000
Therefore, the correct answer is option A) Rs. 8000.
Free Test
Community Answer
Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per ...
Let the principal of Anuka = a
a * 10 * 3/100 = (150/100) * (5000 * 16 * 2/100)
a * 3/10 = 3/2 * 1600
a = 2400 * 10/3
a = 8000
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Anuka invested Rs.(P-2500) in simple interest at the rate of 10% per annum for 3 years and Mano invested Rs.5000 in simple interest at the rate of 16% per annum for 2 years. If the interest received by Anuka is 50% more than that of Mano, then find the principal of Anuka?a)Rs.8000b)Rs.6000c)Rs.5500d)Rs.7200e)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev