Question 66

A sum of ₹ 4000 is lent on simple interestat the rate of 10% per annum. Simple interest for 5 years is how much more than the simple interest for 3 years?

Solution

Principal sum = Rs. 4000 and rate of interest = 10%

Simple interest = $$\frac{P\times R\times T}{100}$$

Thus, difference between interest of 5 years and of 3 years = Simple interest for 2 years

= $$\frac{4000\times10\times2}{100}=Rs.$$ $$800$$

=> Ans - (C)

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