Multiple choice

An amount increases to 1.4 times itself in a simple interest transaction. What is the simple interest earned (in Rs.) from an amount of Rs. 14,200 for the same period at the same rate of interest?

  1. 6,200

  2. 4,800

  3. 5,680

  4. 4,850
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

If an amount increases to 1.4 times itself, the interest earned is 0.4 times the principal. For 14,200, interest = 0.4 * 14,200 = 5,680.

AI explanation

If an amount increases to 1.4 times itself, the simple interest earned is 0.4 times the principal. Applying this to the new principal of Rs. 14,200, the interest earned is 0.4 x 14200. The calculated simple interest is Rs. 5680.

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