- Rs. 100
- Rs. 1000
- Rs. 1200
- Rs. 120
- None of these

Option 1 : Rs. 100

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SBI Clerk Prelims Full Test 1

180428

100 Questions
100 Marks
60 Mins

The interest is charged at a rate of Rs. 1 for each ten rupees per month.

∴ Annual rate of interest = Rs. 12 per ten rupees. = Rs. 120 for hundred rupees

By unitary method,

∵ Interest charged for one year at a sum of Rs. 100 is Rs. 120.

∴ Interest charged for two year at a sum of Rs. 100 = Rs. (120 × 2) = Rs. 240

∴ The sum of money is Rs. 100.
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