-
₹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
-
- ₹8,000
- ₹8,250
- ₹9,250
- ₹9,000
- ₹8,000
Correct Option: B
SI = Amount - Principle = (7200 – 6000) = 1200
∴ SI = | |
100 |
⇒ 1200 = | |
100 |
⇒ R = | = 5% | |
6000 × 4 |
New rate of R = 5 × 1.5 = 7.5%
Then, SI = | |
100 |
SI = ₹2250
∴ Amount = Principle + SI = (6000 + 2250) = ₹8250