New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Simple interest earned on an amount of Rs. 1000 at rate

    of R% per annum after 4 years is Rs. 200. Find the simple interest earned on an amount of Rs. 1600 at rate of (R + 6)% per annum after 3 years
    A Rs. 525 Correct Answer Incorrect Answer
    B Rs. 518 Correct Answer Incorrect Answer
    C Rs. 527 Correct Answer Incorrect Answer
    D Rs. 528 Correct Answer Incorrect Answer

    Solution

    According to question, 200 = 1000 × R% × 4 R = 5 Therefore, required interest = 1600 × (5 + 6)% × 3 = Rs. 528

    Practice Next