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SSC Selection Post 2024 PYQ — Question 55

SSC Selection Post - Higher Secondary Level - 21 June 2024 - Shift 2 • Quantitative Aptitude • Q55

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The difference between the simple interest on a sum of money for 3½ years at the rate of 12% per annum and simple interest on the same sum of money for 4 ½ years at 10% per annum is ₹360. Find the sum(in ₹).

Show answer & explanation

Correct answer: A

Explanation

The correct answer is Option 1 i.e.12,000.

Let the sum be ₹P

Difference in SI

P×10×4.5100{P\times10\times4.5}\over100 - P×12×3.5100{P\times12\times3.5}\over100 = 360

45P10045P\over100 - 42P10042P\over100 = 360

3P1003P\over100 = 360

P = ₹12000