New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Simple interest earned on an amount of Rs.1400 at rate

    of R% per annum after 3 years is Rs.210. Find the simple interest earned on an amount of Rs.1600 at rate of (R + 3)% per annum after 2 years.
    A Rs.256 Correct Answer Incorrect Answer
    B Rs.330 Correct Answer Incorrect Answer
    C Rs.225 Correct Answer Incorrect Answer
    D Rs.342 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question, => 210 = 1400 × R% × 3 => R = 210/42 = 5 Therefore, required interest = 1600 × (5 + 3)% × 2 = Rs.256

    Practice Next

    Relevant for Exams: