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. ?
A. Rs. 614.40
B. Rs. 845.40
C. Rs. 1536
D. Rs. 2136
E. None of these
Answer: Option E
Solution(By Examveda Team)
$$\eqalign{ & {\text{Sum}} = {\text{Rs}}{\text{.}}\left( {\frac{{100 \times 1536}}{{12 \times 5}}} \right) \cr & = {\text{Rs}}{\text{. }}2560 \cr & Now, \cr & P = {\text{Rs}}{\text{.}}\left( {2560 + 1000} \right) \cr & \,\,\,\,\,\, = {\text{Rs}}{\text{. }}3560 \cr & {\text{T}} = {\text{2years}} \cr & {\text{R}} = {\text{12}}\% \cr & \therefore S.I. \cr & = {\text{Rs}}{\text{.}}\left( {\frac{{3560 \times 12 \times 2}}{{100}}} \right) \cr & = {\text{Rs}}{\text{.}}\,854.40 \cr} $$Related Questions on Interest
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450
B. Rs. 524
C. Rs. 600
D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380
B. Rs. 1290
C. Rs. 1470
D. Rs.1200
E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300
B. Rs. 2315.25
C. Rs. 2310
D. Rs. 2320
E. None of these
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