Multiple choice

Passage

Directions: Read the following passage and answer the question. A, B, C, D and E are five friends. They started a business. The amount invested by A, B, C, D and E was Rs. 30,000, Rs. 40,000, Rs. 60,000, Rs. 50,000 and Rs. 70,000, respectively. After 6 months, A, C and E increased their initial investment by 20%, 30% and 40%, respectively. At the end of the year, they earned a total profit of Rs. 1,38,000 and the profit is shared to individuals in the ratio of their investment. At the end of the year, person X borrows the profit share of A at 12% simple interest for 5 years and person Y borrows the profit share of D at 10% simple interest for 5 years. The person Z borrows E's profit share for 2 years at the rate of 20% compound interest.

Find the simple interest amount that person X have to pay for person A for given time.

  1. Rs. 9,900

  2. Rs. 8,900

  3. Rs. 8,000

  4. Rs. 4,500

  5. Rs. 7,600

Reveal answer Fill a bubble to check yourself
A Correct answer