Multiple choice

A certain amount is lent out for three years at simple interest. If the rate of interest is 4% less there will be a loss of Rs. 360. Find the amount. एक निश्चित धनराशि तीन वर्ष के लिए साधारण ब्याज पर उधार दी गयी। यदि ब्याज की दर 4% कम हो तो 360 रू. की हानि होगी। धनराशि ज्ञात कीजिए।

  1. Rs. 3600

  2. Rs. 4000

  3. Rs. 3100

  4. Rs. 3000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The loss of Rs. 360 comes from the 4% rate difference applied over 3 years. Setting up: P × 4% × 3 = 360, which gives P = 360 × 100 / 12 = Rs. 3000. This is a direct application of the simple interest formula where the difference in interest equals the loss.

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