Multiple choice

If Rs 5000 amounts to Rs 5750 in 3 years, what will Rs 6000 amount to in 4 years at the same rate of simple interest?

  1. Rs 7200

  2. Rs 7400

  3. Rs 7680

  4. Rs 7800
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

First find the rate: Interest = Rs 750 on Rs 5000 for 3 years. Annual interest = 750/3 = 250. Rate = (250/5000) × 100 = 5%. For Rs 6000 at 5% for 4 years: Interest = 6000 × 5/100 × 4 = Rs 1200. Amount = 6000 + 1200 = Rs 7200.

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