Aspire's Library
A Place for Latest Exam wise Questions, Videos, Previous Year Papers,
Study Stuff for MCA Examinations
Study Stuff for MCA Examinations
Phrases Previous Year Questions (PYQs)
Phrases Interest PYQ
Hari invested an amount at a certain rate of interest on simple interest and he got 60% more amount after eight years. If he invests Rs. 9600 at the same rate of interest on simple interest, then find the total interest he would get after four years?
Go to Discussion
Solution
Given: 60% interest in 8 years using Simple Interest (SI).
So, rate (R) = (60 / 8) = 7.5% per annum
Now, SI on ₹9600 for 4 years at 7.5%:
SI = (9600 × 7.5 × 4) / 100 = ₹2880
✅ Final Answer: ₹2880
Phrases
Online Test Series,
Information About Examination,
Syllabus, Notification
and More.
View More
Phrases
Online Test Series,
Information About Examination,
Syllabus, Notification
and More.
View More
Ask Your Question or Put Your Review.
