Question

rupees 3000 amount to rupees 3500 in 5 years what will Rs 4200 amount at the same rate in simple interest in 4 years

Answer 1

Amount = 3500

P = 3000

I = 3500-3000 = 500

I = (P x R x T) /100

500 = (3000 x R x 5)/100

R = (500 x 100)/(3000 x 5)

R = 10/3%

Another P = 4200

T = 4 years

R = 10/3%

I = (4200 x 10 x 4)/(3 x 100)

I = 560

Amount = P + I

Amount = 4200 + 560 = 4760

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