Question
Rs.6000 becomes Rs.7200 in 4 years at a certain rate of interest. If the rate becomes 1.5 times of itself. The amount of the same principle in 5 years will be?
Answer: Option B
Was this answer helpful ?
S.I on Rs. 600 for 4 Years = Rs (7200 - 600) = Rs 1200
Therefore Rate = (120000/24000) % p.a = 5 % p.a
New Rate = (5 x 3/2) % = 15/2 % p.a
Required Amount = [6000 + (6000 x 5/100 x 15/2)]
= Rs(6000 + 2250) = Rs 8250
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution