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Question

If the rate of interest is increased by 2%, the simple interest received on a sum of money invested by Mr Vikram increases by Rs 250, If the time is increased by 2 terms, the simple interest on the same sum increases by RS 205, The sum is:


A
35000
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B
40000
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C
45000
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D
Cannot be determined
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E
None of these
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Solution

The correct option is A Cannot be determined
For principal amount x, rate of interest R, time T
x(R+2)100TxR100T=2501xR(T+2)100xRT100=2052
From (1
2xT = 25000, Tx = 12500
From (2
2xR = 20500, Rx = 10250
 From both the equations x cannot be determined

Numerical Aptitude

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