railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Compound Interest
Rajpal borrowed a certain amount at 10% per annum simple interest for \(1 \frac{1}{2}\) years. He gave the same amount as loan to a friend and charged compound interest (compounded semi-annually) at the same rate for the same period. In this way he earned Rs.305. Find the sum of the money.
1
Rs.30,500
2
Rs.40,000
3
Rs.40,305
4
Rs.30,000