Question 62

In 4 year Rs.6000 amount became Rs.8500 for some rate of simple interest.Then period required for Rs.1200 to become an amount of 1825 at same rate of interest is

Solution

Given, Principal amount = Rs.6000

Time = 4 years

Total amount = Rs.8500

Let the rate of interest = R

$$\Rightarrow$$ 8500 - 6000 = $$\frac{6000\times4\times R}{100}$$

$$\Rightarrow$$ 2500 = 240R

$$\Rightarrow$$ R = $$\frac{125}{12}$$%

Let the time required for Rs.1200 to become Rs.1825 at $$\frac{125}{12}$$% is T

$$\Rightarrow$$  1825 - 1200 = $$\frac{1200\times T\times\frac{125}{12}}{100}$$

$$\Rightarrow$$  625 = $$\frac{12\times T\times125}{12}$$

$$\Rightarrow$$  T = 5 years

Hence, the correct answer is Option A


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