Register Now

Login

Lost Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be =

a) Rs. 8000
b) Rs. 8250
c) Rs. 9250
d) Rs. 9000

Answer: b
Explanation:
$$\eqalign{ & {\text{Principal}}\,\,\,\,\,\,\,{\text{Amount}} \cr & \underbrace {\,\,\,\,\,{\text{6000}}\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{7200}}\,\,\,\,\,}_{ + 1200} \cr & {\text{Using formula,}} \cr & {\text{Rate }}\% \cr & = \frac{{1200}}{{6000}} \times \frac{{100}}{4} \cr & {\text{ = 5}}\% \cr & {\text{New rate}}\% \cr & = {\text{5}} \times \frac{3}{2} = {\text{7}}{\text{.5}}\% \cr & {\text{Interest after 5 years}} \cr & = \frac{{6000 \times 7.5 \times 5}}{{100}} \cr & {\text{ = Rs}}{\text{. 2250}} \cr & {\text{amount }} \cr & {\text{ = Rs}}{\text{. }}\left( {6000 + 2250} \right) \cr & {\text{ = Rs 8250}} \cr} $$

Join The Discussion