Multiple choice

If Rs. 500 amounts to Rs. 725 at 9% simple interest in same time. What will Rs. 600 amount to at 11% in same time?

  1. Rs. 930

  2. Rs. 700

  3. Rs. 850

  4. Rs. 900
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

First find time: Interest = Rs. 725 - Rs. 500 = Rs. 225. Time = (SI × 100) / (P × R) = (225 × 100) / (500 × 9) = 5 years. Now for Rs. 600 at 11% for 5 years: SI = (600 × 11 × 5) / 100 = Rs. 330. Amount = Rs. 600 + Rs. 330 = Rs. 930.

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