Practicing Success
A sum of Rs.10500 amounts to Rs.13825 in 3\(\frac{4}{5}\) years at a certain rate of simple interest. What will be the simple interest on the same sum for 5 years at double the earlier rate? |
8750 8470 8560 8670 |
8750 |
Simple Interest = 13825 - 10500 = 3325 rate = \(\frac{3325\;×\;5}{10500\;×\;19}\) x 100 = \(\frac{25}{3}\)% double rate = \(\frac{50}{3}\) % S.I. = \(\frac{10500\;×\;50\;×\;5}{3\;×\;100}\) = 8750 |