engineering recuitment AAI JE Technical Mock Test 2020-21 Quantitative Aptitude Interest Simple and Compound Both
The fare of a royal train between two stations increases at the rate of 25% per month at simple interest and the number of passengers decreases at the rate of 10% per annum compounded monthly. If the present fare per person and the total fare charged by the train are Rs. 1000 and Rs. 2500000 respectively, then find the total fare earned by the train authority after 2 months.
1
Rs. 3037000
2
Rs. 3037500
3
Rs. 3030000
4
Rs. 3000000