IPM Question Paper 2020 | IPM Rohtak Quantitative Aptitude

CAT Questions

IPMAT 2020 Question Paper IPM Rohtak Quantitative Aptitude. Solve questions from IPMAT 2020 Question Paper from IPM Rohtak and check the solutions to get adequate practice. The best way to ace IPMAT is by solving IPMAT Question Paper. To solve other IPMAT Question Papers, go here: IPM Question Paper

Question 1 : Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is

1. 420
2. 690
3. 560
4. None of the options

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Video Explanation

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Explanatory Answer

Now = x
At the end of 2nd year = Rs 800
At the end of 3rd year = Rs 920
So, Interest gained in one year = 120
In two years Rs 240 was gained.
So, Present money = 800 - 240 = Rs 560

The question is " Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is "

Hence, the answer is 560

Choice C is the correct answer.