If on a certain sum, the simple interest

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

If on a certain sum, the simple interest for 4 years is ₹2,000, then what is the simple interest for 6 years on the same sum?

Options:

₹3,500

₹3,000

₹4,000

₹2,800

Correct Answer:

₹3,000

Explanation:

Simple interest of 4 years = Rs. 2000

Simple interest of 1 year = \(\frac{2000 }{4 }\) = 500

Simple interest of 6 years = 6 × 500 = Rs. 3000