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SBI Clerk Mains 10 August 2019 Memory Based Paper

Option 3 : Rs. 600

Syllogism (Clear Your Basics)

75408

10 Questions
10 Marks
10 Mins

⇒ First simple interest = (Principal × rate × time)/100 = (500 × 12 × 4)/100 = 240

Let principal for second simple interest be P.

⇒ Simple interest = (Principal × time × rate)/100 = (P × 10 × 4)/100 = 2P/5

⇒ Total interest = Rs. 480

⇒ 240 + 2P/5 = 480

⇒ 1200 + 2P = 2400

⇒ 2P = 1200

⇒ P = 600

∴ Sum of money for the second simple interest is