Multiple choice

The simple interest on Rs. 12000 is 3 years at the rate of x% per annum equals to the simple interest on Rs. 15000 at the rate of 12% per annum in 2 years. The value of x is -

  1. 6%

  2. 8%

  3. 9%

  4. 10%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SI₁ = (12000 × x × 3)/100 = 360x. SI₂ = (15000 × 12 × 2)/100 = 3600. Given 360x = 3600, so x = 10%. Option D is correct. Options A (6%), B (8%), and C (9%) don't satisfy the equation.

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