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    Question

    Simple interest earned on an amount of Rs.1200 at rate

    of R% per annum after 4 years is Rs.384. Find the simple interest earned on an amount of Rs.1500 at rate of (R + 4)% per annum after 3 years.
    A Rs.580 Correct Answer Incorrect Answer
    B Rs.550 Correct Answer Incorrect Answer
    C Rs.520 Correct Answer Incorrect Answer
    D Rs.540 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question, => 384 = 1200 × R% × 4 => R = 384/48 = 8 Therefore, required interest = 1500 × (8 + 4)% × 3 = Rs.540

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