Question 118

If a sum of 36 rupees amounts to 48.24 rupees after two years under simple interest, then what will 63 rupees amount to in three years at the same S.I?

Solution

Let the rate of interest = r
==> 36(1+2r/100) = 48.24
==> r = 17%
63 rupees after three years = 63(1+3r/100) = 95.13 rupees.
So, the correct option to choose is B.

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