Question

If rs 1250 amount to rs 1550 in 3 years at simple interest, what will rs 3200 amount to in 4 years at the same rate

Answer 1

Solution: We know,SI= PNR/100
Therefore,1250=1550 × 3×N/100
N = 241.93
Now, again=SI=3200×4×241.93
=30967.04
Therefore , Simple Interest is of Rs. 30967.04 .
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