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    The simple interest earned on ₹2,800 at a rate of 10% per annum for 3 years is ₹x and ₹1,736 is the simple interest earned on ₹ 6,200 at a rate of 14%
    Question

    The simple interest earned on ₹2,800 at a rate of 10% per annum for 3 years is ₹x and ₹1,736 is the simple interest earned on ₹ 6,200 at a rate of 14% for y years, then the value of x/y is:

    A.

    380

    B.

    550

    C.

    420

    D.

    140

    Correct option is C

    Given:
    For, First Condition
    Principal, P1 = ₹2800,
    Rate of interest, r1 = 10%,
    Time, t1 = 3 years
    Simple Interest, S.I = ₹ x
    For, Second Condition;
    Principal, P2 = ₹6,200,
    Rate of interest, r2 = 14%,
    Time, t2 = y years
    Simple Interest, S.I = ₹ 1,736
    Formula Used:
    Simple Interest=P×r×t100\text{Simple Interest} = \frac{P \times r \times t}{100}​​
    Where, P = Principal, r = rate of interest, t = time
    Solution:
    As per the question;
    For, first condition;
    S.I = (2800×10×3)/100=840
    So, x = ₹ 840
    Again, For, second condition;
    1736 = (6200×14×y)/100
    y = (1736×100)/(6200×14)
    y = 2 years
    therefore,
    required sol. = x/y
    = 840/2 = 420

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