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June 23, 2019
Question 1
Alok deposits Rs.5,000 in his bank account for 5 years to earn an interest of 12%.what amount will he get after 5 years?
Rs 2000
Rs 3000
Rs 5300
Rs 8000
Rs 8300
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S.I=pnr/100 p=5000;n=5;r=12 sub and get S.I=3000 amount aft 5 yrs=principle+S.I =8000
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Question 2
A supplier supplies cartridges to a news paper publishing house. He earns a profit of 20% by selling cartridges for Rs. 540. Find the cost price of the Cartridges?
Rs 500
Rs 480
Rs 400
Rs 450
Cost Price(C.P) = x gain%={(S.P-C.P)/C.P}*100 20={(540-x)/x}*100 20/100=(540-x)/x x=5(540-x) 6x=2700 x=450 So,Cost Price= Rs.450
Question 3
Ramakant wants to earn Rs. 1,500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains?
8 years
10 years
12 years
15 years
By the problem (p * r * t)/100=1500 or, (5000 * 2.5 * t)/100=1500 which gives t=12 years.
Question 4
A Certain sum of money amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is_______
1200
1050
1250
1000
As the rate of interest for both the cases are same (A1-P)/T1 = (A2-P)/T2 (2500-p)/5=(3000-p)/7 17500 - 7p = 15000 - 5p p=1250
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