NextMockSearch exams, e.g. SSC CGL, UPPSC, Lekhpal
Railways PYQCBT 2 2017

RRB NTPC · Question 56

The maturity values of an amount in 5 and 6 years at 8% simple interest p.a. are Rs. 1120 and Rs. 1184 respectively. Find the amount.

  1. Rs. 560

  2. Rs. 800

  3. Rs. 160

  4. Rs. 600

Show answer & explanation

Answer: (B) Rs. 800

Explanation

One year's interest = 1184 − 1120 = Rs 64, which is 8% of P. So P = 64/0.08 = Rs 800.