1

A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration.

Correct Answer: rs. 1800 and 5.5 years

Make the most of this question

This page focuses on one Business Mathematics question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

Business Mathematics MCQ: A sum becomes Rs. 3000 at the rate of 12% per annum (simple interest). The same sum becomes Rs. 3300 at the rate of 15% per annum (simple interest) in the same duration. Find the sum and the duration. | Extra Education