Can you explain the answer of this question below:
A sum of money amounts to Rs.9800 after 5 years and Rs.12005 after 8 years at the same rate of simple interest. The rate of interest per annum is
  • A:
    15%
  • B:
    12%
  • C:
    8%
  • D:
    5%
The answer is B.

Quant Question

By Ashwini Pawar · Jan 08, 2019 ·Quant
6 Answers
Mrinmoy Kundu answered Jun 11, 2018
We can get SI of 3 years = 12005 - 9800 = 2205

SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI]

Principal = 12005 - 3675 = 6125 

So Rate = (100*3675)/(6125*5) = 12%

Binder Singh answered 2 weeks ago
Correct answer is option. 'B'

Neerav Jindal answered 2 weeks ago
Correct asnwer is option 'B'

Nirmat Singla answered Oct 18, 2019
Correct answer is option 'B'

Rizul Goyal answered Jan 09, 2019
Its B = 12%

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