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4 years, ₹ 6000 amounts to ₹ 8,000. In what time at the same rate will ₹ 525 amount to 700 ?
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- 5 years
- 3 years
- 4 years
- None of these
- 5 years
Correct Option: C
Case-I,
Simple Interest = 8000 – 6000 = Rs. 2000
Rate = | |
Principal × Time |
Rate = | = | % | ||
6000 × 4 | 3 |
∴ Case-II,
Time = | |
Principal × Rate |
Time = | |||
= 4 Years. | |||
525 × | |||
3 |