Question

A certain amount earns simple interest of Rs. 1360 after 4 years. Had the interest been 5% more, how much more interest would it have earned?

A Rs. 104 Correct Answer Incorrect Answer
B Rs. 100 Correct Answer Incorrect Answer
C Rs. 112 Correct Answer Incorrect Answer
D Cannot be determined Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

When we solve this question, we find that we have two variables P (Principal) and R (Initial assumed rate of interest) in the R.H.S. of the SI equation. Therefore, the correct answer can't be determined.

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