BANK Union Bank of India Local Bank Officer Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
Shashi borrowed X amount from Kavya at 15% simple interest per annum and he adds Y amount of his own money and lends it to Ramesh at 25% simple interest per annum. At the end of the year, after returning kavya’s dues, the net interest earned by Shashi is equal to interest earned by kavya. If shashi lent Rs.(X + 3Y) to Ramesh at 25%, then the net interest earned by Shashi would have increased by Rs.350. If Ram invested Rs.(X + Y + 5800) at the rate of 20% p.a CI compound annually, then find the total amount received by Ram after three years?
1
16820
2
17280
3
19200
4
16500
5
16000