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If the rate of interest received by A and C is in the ratio 2:3, then…

Paper 1 · Data Interpretation UGC NET December 2023 (13.12.2023) Shift-II
Passage
The following table shows the number of employees working in five different colleges A to E, along with the ratio of Males to Females (M:F) among them. Based on the data in the table, answer the questions that follow. College A: 3040 employees, ratio 13:6. College B: 3360 employees, ratio 4:3. College C: 2920 employees, ratio 9:11. College D: 2760 employees, ratio 10:13. College E: 2840 employees, ratio 13:7.
If the rate of interest received by A and C is in the ratio 2:3, then the money invested by C will get doubled in how many years?
A12 and half
B15 and one-seventh
C13 and one-third
D11 and one-ninth ✓ Correct
Correct answer: (D) 11 and one-ninth — The money invested by C will double in 11 and one-ninth years.
Explanation
The money invested by C will double in 11 and one-ninth years.
A's rate is 6 percent, and the ratio of A's rate to C's rate is 2 to 3.
So C's rate is 6 times 3 over 2, which is 9 percent.
For the sum to double on simple interest, the interest must equal the principal.
This needs the rate times the time to equal 100.
So the time is 100 over 9, which is 11 and one-ninth years.

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