If ₹64 amounts to ₹83.20 in 2 years on simple interest, then how much will ₹86 amount to in 4 years at the same rate percent per annum? |
₹114.80 ₹124.70 ₹127.40 ₹137.60 |
₹137.60 |
Principal P1 = 64 Time T1 = 2 years Amount A1 = 83.20 Simple interest S1 = A1 - P1 = 83.2-64 = 19.2 Assume Rate per annum, R1 19.2 = 64*2*R1/100 R1 = 1920/128 If P2 = 86 T2 = 4 years and R2 = R1 Then, S2= 86*4*1920/(128*100) = 86*60/100 = 51.6 A2 = P2+S2 = 51.6+86 = 137.60 The correct answer is Option (4) → ₹137.60 |