GMAT (Graduate Management Admission Test) Question:

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Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year was Rs.7000. How much did he invest at the rate of 10%?

GMAT Interview Question
GMAT Interview Question

Answer:

1. Rs.40,000
2. Rs.40,000
3. Rs.12,000
4. Rs.20,000

Ans : B

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The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?A sum of money invested for a certain number of years at 8% p.a. simple interest grows to Rs.180. The same sum of money invested for the same number of years at 4% p.a. simple interest grows to Rs.120 only. For how many years was the sum invested?