At simple interest a sum of Rs.64 becomes Rs.83.20 in 2 yr.
At simple interest a sum of Rs.64 becomes Rs.83.20 in 2 yr. What will Rs.86 become in 4 yr at the same rate of interest?
ARs.129.40
BRs.137.60
CRs.142.30
DRs.144.80
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Answer : Rs.137.60
Explanation:
Formula: \(S.I. = \frac{P \times T \times R}{100}\)
P=Rs. 64,
S.I. = Rs. (83.20 - 64) = Rs. 19.20,
T = 2 years.
So, rate R = \(\frac{SI \times 100}{P \times T}\)=\(\frac{ (100 \times 19.20 ) \% }{64 \times 2} = 15\% \)
Now, P = Rs.86, R= 15%, T = 4 years.
S.I. = \(\frac{Rs ( 86 \times 15 \times 14 )}{100} = Rs. 51.60 \)
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