Practicing Success
Practicing Success
CUET Preparation Today
If simple interest on Rs. 300 increases by Rs. 15, when the rate percent increases by 4% per annum. Find the time. |
\(1\frac{1 }{3}\) years \(1\frac{1 }{2}\) years \(1\frac{1 }{4}\) years 2 years |
\(1\frac{1 }{4}\) years |
The increase in interest is due to rate percent ⇒ \(\frac{300\;×\;4\;×\;time}{100}\) = 15 ⇒ time = \(\frac{5}{4}\) or 1\(\frac{1}{4}\) years |
