Question

The simple interest on a certain sum at a certain rate of interest for 2 years is Rs. 4320.
Find the simple interest of the same principal at the same rate of interest in 3.5 years?
(1) Rs. 15120 (2) Rs. 7560 (2) Rs. 2720 (4) Rs. 7500​

Answer 1

Answer:

interest in 24 months(2years) is Rs. 4320.

interest in 12 months(1year) is Rs. 4320÷24=180 interest in 42months(3.5years) is Rs.180×42=7560. so the answer is option( 2)Rs.7560