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  1. ₹6,000 becomes ₹7,200 in 4 years at a certain rate of simple interest. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be
    1. ₹8,000
    2. ₹8,250
    3. ₹9,250
    4. ₹9,000
Correct Option: B

SI = Amount - Principle = (7200 – 6000) = 1200

∴ SI =
Principal × Time × Rate
100

⇒ 1200 =
6000 × 4 × R
100

⇒ R =
1200 × 100
= 5%
6000 × 4

New rate of R = 5 × 1.5 = 7.5%
Then, SI =
6000 × 7.5 × 5
100

SI = ₹2250
∴ Amount = Principle + SI = (6000 + 2250) = ₹8250



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