Question

The simple Interest on Rs. 1400/- for 2 years Is
Rs.252/-. What is the simple Interest on Rs 2300/-
for 4 years at the same rate of interest (p.c.p.a.)?
Rs. 966
Rs. 632
828
Rs. 782
Rs. 874​

Answer 1

Hey friend!

Simple Interest (SI) = Principle(P)×Rate(R)×Time(T)

                                                   100

=> 252 = 1400×R×2

                 100

=> 2R = 252

             100

=> 2R = 18

=> R = 9%

SI = 2300×4×9

           100

=> SI = 23×4×9

=> SI = Rs 828

Hope it helps you!