The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs.1536. what amount of simple interest would one get if one invests Rs.1000 more than the previous principal for 2 years and at the same rate p.c.p.a. ?

Solution (By Examveda Team)

$$\eqalign{ & {\text{Sum}} = {\text{Rs}}{\text{.}}\left( {\frac{{100 \times 1536}}{{12 \times 5}}} \right) \cr & = {\text{Rs}}{\text{. }}2560 \cr & Now, \cr & P = {\text{Rs}}{\text{.}}\left( {2560 + 1000} \right) \cr & \,\,\,\,\,\, = {\text{Rs}}{\text{. }}3560 \cr & {\text{T}} = {\text{2years}} \cr & {\text{R}} = {\text{12}}\% \cr & \therefore S.I. \cr & = {\text{Rs}}{\text{.}}\left( {\frac{{3560 \times 12 \times 2}}{{100}}} \right) \cr & = {\text{Rs}}{\text{.}}\,854.40 \cr} $$