New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A sum of Rs 8400 amounts to Rs 11,046 at 8.75% p.a.

    simple interest in a certain time. What is the simple interest on the sum of 9600 at the same rate for the same time?
    A 3420 Correct Answer Incorrect Answer
    B 3402 Correct Answer Incorrect Answer
    C 3024 Correct Answer Incorrect Answer
    D 3032 Correct Answer Incorrect Answer

    Solution

    Given - P= 8400, A= 11046, R= 8.75%, T=? SI = A-P=11046-8400=2646 SI= 2646 Now -SI = PRT/100 2646=8400×8.75×T/100 T= (2646×100)/84×875 T=(378×4)/84×5   =18/5=3.6 years so new simple interest for P= 9600, R= 8.75%, T= 3.6years then SI= (9600×8.75×3.6)/100 = (96×36×7)/8 =48×9×7 =3024 Rs

    Practice Next

    Relevant for Exams: