📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Simple interest earned on an amount of Rs.1250 at rate

    of R% per annum after 2 years is Rs.225. Find the simple interest earned on an amount of Rs.1550 at rate of (R + 3)% per annum after 2 years.
    A Rs.346 Correct Answer Incorrect Answer
    B Rs.390 Correct Answer Incorrect Answer
    C Rs.315 Correct Answer Incorrect Answer
    D Rs.372 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question, => 225 = 1250 × R% × 2 => R = 225/25 = 9 Therefore, required interest = 1550 × (9 + 3)% × 2 = Rs.372

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question