Practicing Success
On simple interest a sum of ₹ 640 becomes ₹ 832 in 2 years. What will ₹ 860 become in 4 years at the same rate of simple interest? |
₹ 1,250 ₹ 1,376 ₹ 1,426 ₹ 1,150 |
₹ 1,376 |
ATQ, 640 becomes 832 in 2 years Interest (I) = Amount(A) - Principal (P) = 832 - 640 = 192 Interest for 1 years = \(\frac{192}{2}\) = Rs 96 Rate% = \(\frac{I}{P}\) × 100 = \(\frac{96}{640}\) × 100 = 15% Here, Principal (P) = 860, Rate (R) = 15%, Time (T) = 4 years Total S.I. for 4 years = 15 × 4 = 60% Amount after 4 years = P × 160% = 860 × 160% = Rs.1376 |