Question 59

If on a certain sum, the simple interest for 4 years is ₹2,000, then what is the simple interest for 6 years on the same sum?

Solution

If on a certain sum, the simple interest for 4 years is ₹2,000.

simple interest for 4 years = ₹2,000

simple interest for 1 years = $$\frac{2000}{4}$$ = ₹500

Simple interest for 6 years on the same sum = ₹500 $$\times$$ 6

= ₹3000

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