Question

Q. 66. At a rate of 5 p.c.p.a. the simple interest is 360 for 6 years. What would be the
principal amount ?​

Answer 1

The simple interest accrued on a certain principal in 5 years at the rate of 12 p.c.p.a. is Rs 1536. What amount of simple interest would one get if one invests Rs 1000 more than the previous principal for 2 years and at the same rate p.c.p.a? (a) Rs 614.40 (b) Rs 845.40 (c) Rs 1536 (d) Rs 2136