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SSC MTS 2024 PYQ — Question 9

SSC MTS - 16/10/2024 - (9:00 AM - 11:00 AM) • Quantitative Aptitude • Q9

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Simple interest on a given sum for 3 years at a rate of 17% per year is ₹7,140 less than the simple interest on the same sum for 5 years. Find the sum.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. ₹21,000.

Let the principal be P.

According to the given question,

P×17×5100−P×17×3100=7140\frac{P \times 17 \times 5}{100} - \frac{P \times 17 \times 3}{100} = 7140

⇒ 34P = 7140 × 100

⇒ P = 21000