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SSC CGL 2023 PYQ — Question 29

SSC CGL Tier II - 26 October 2023 • Quantitative Aptitude • Q29

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The simple interest earned on ₹2,800 at a rate of 10% per annum for 3 years is ₹x and ₹1,736 is the simple interest earned on ₹6,200 at a rate of 14% for y years, then the value of x/y is:

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 420.

Given that

x = Simple interest on 2800 at 10% p.a. for 3 years

And, 1736 = Simple interest on 6200 at 14% p.a. for y years

Formula used

S.I = PRT100\frac{P R T}{100}

Hence, x = 2800×10×3100\frac{2800 × 10 × 3}{100} = 840

1736 = 6200×14×y100\frac{6200 × 14 × y}{100}

Solving for y we get 

y = 2

Hence, the required ratio x/y = 840/2 = 420.