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Simple Interest · UPSC CDS/OTA · Question 15 of 32

Simple Interest: Interest at 12% p.a. for 8 months equals interest at 8% p.a. for 12 months on the same sum. If each interest is ₹960, find the principal.

Step-by-step solution. Simple Interest for UPSC CDS/OTA.

Topic
Simple Interest
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · Simple InterestDifficult · 45s

Interest at 12% p.a. for 8 months equals interest at 8% p.a. for 12 months on the same sum. If each interest is ₹960, find the principal.

TopicSimple Interest
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

P = 960×100/(12×8/12) = ₹12000.

Final Answer: Option A - ₹12000.00
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Interest at 12% p.a. for 8 months equals interest at 8%… - Simple Interest (Mathematics) Solved Question