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If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180. The sum is:
Answer & Solution
Correct Answer:
Option
D
$$\eqalign{
& {\text{Let the sum be Rs}}{\text{. }}x \cr
& {\text{Rate be R}}\% {\text{ p}}{\text{.a}}{\text{.}} \cr
& {\text{Time be T years}}{\text{.}} \cr
& {\text{Then,}} \cr
& \left[ {\frac{{x \times \left( {{\text{R}} \times 2} \right) \times {\text{T}}}}{{100}}} \right] - \left( {\frac{{x \times {\text{R}} \times {\text{T}}}}{{100}}} \right) = 108 \cr
& \Leftrightarrow 2x{\text{T}} = 10800\,........(i) \cr
& And, \cr
& \left[ {\frac{{x \times {\text{R}} \times \left( {{\text{T}} + 2} \right)}}{{100}}} \right] - \left( {\frac{{x \times {\text{R}} \times {\text{T}}}}{{100}}} \right) = 108 \cr
& \Leftrightarrow 2x{\text{R}} = 18000\,.......(ii) \cr} $$
Clearly, from (i) and (ii), we cannot the find the value of x.
So, the data is inadequate.
Clearly, from (i) and (ii), we cannot the find the value of x.
So, the data is inadequate.
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