Question Paper from: IBPS Clerk Prelims 2016

The simple interest on a certain sum at 15% per annum for 5 year is Rs1500 more to the simple interest on the same at 12% per annum for the same period. Find the sum-

Rs 12000

Rs12500

Rs 8000

Rs 10000

None of these

Solution:

Chapter Name: Simple Interest

75% of P – 60% of P = 1500

P = Rs. 10000

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