Question
Simple interest earned on an amount of Rs.1600 at rate
of R% per annum after 4 years is Rs.256. Find the simple interest earned on an amount of Rs.1800 at rate of (R + 3)% per annum after 2 years.Solution
According to question, => 256 = 1600 Ă— R% Ă— 4 => R = 256/64 = 4 Therefore, required interest = 1800 Ă— (4 + 3)% Ă— 2 = Rs.252
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