Interest earned by Ramesh on Rs.10000 for 2 years at R% p.a. simple interest is how much moreless than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year then it would fetch an interest of Rs.400.

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1.	Interest earned by Ramesh on Rs.10,000 for 2 years at R% p.a. simple interest is how much more/less than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year, then it would fetch an interest of Rs.400.
A.	Rs.1220
B.	Rs.1000
C.	Rs. 1520
D.	Rs. 930
E.	Rs.1140
Answer» D. Rs. 930

Discussion

Explore topic-wise MCQs in Maths.

Interest earned by Ramesh on Rs.10,000 for 2 years at R% p.a. simple interest is how much more/less than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year, then it would fetch an interest of Rs.400.