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Direction: Read the following information carefully and answer the questions given below it.The table below shows details of invested amoun…

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Direction: Read the following information carefully and answer the questions given below it.
The table below shows details of invested amount by different persons.





















































Person

Rate of Interest

Time (years)

Principal (in Rs. )

Amount (in Rs. )

Arun

6%

-

18,000

-

Sourav

6%

-

30,000

-

Amit

-

5

-

29,000

Piku

-

3

45,000

-

Ankit

8%

-

20,000

-

Anita

-

2

60,000

-

 
Note: Some variables are missing, you have to find the missing values on the basis of given information. Calculate simple interest unless specified. All questions are independent from others.
If the difference between the interest received by Ankit and Sourav is Rs. 4200 and Ankit invested his money for double the time period for which Sourav invested his money then find the amount Ankit will receive?
  • ARs. 94800
  • BRs. 13450
  • CRs. 29600
  • DRs. 15000
Answer not set

Discussion 1

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CCommunity
Let the time for which Sourav invested be x

⇒ Ankit = 2x

⇒ Interest received by Ankit = 8 × 2x × 20000/100 = 3200x

⇒ Interest received by Sourav = 6 × x × 30000/100 = 1800x

⇒ 3200x - 1800x = 4200

⇒ x = 3 years

⇒ Interest received by Ankit = 8 × 6 × 20000/100 = Rs. 9600

∴ Total amount received by Ankit = 20000 + 9600 = Rs. 29600