A sum becomes Rs 2286 in 3 years and Rs 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?
Let sum = Rs. $$100x$$ and rate of interest = $$r\%$$
Amount after 3 years = Rs. 2286
=> Amount under simple interest = $$P+\frac{P\times R\times T}{100}$$
=> $$100x+\frac{100x\times r\times3}{100}=2286$$
=> $$100x+3rx=2286$$
=> $$x(100+3r)=2286$$ -----------------(i)
Similarly, after 4 years, => => $$100x+\frac{100x\times r\times4}{100}=2448$$
=> $$x(100+4r)=2448$$ --------------(ii)
Dividing equation (ii) by (i), we get :
=> $$\frac{100+4r}{100+3r}=\frac{2448}{2286}$$
=> $$228600+9144r=244800+7344r$$
=> $$9144r-7344r=100(2448-2286)$$
=> $$1800r=100\times162$$
=> $$r=\frac{162}{18}=9\%$$
=> Ans - (B)
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