A sum of Rs. 8,400 amounts to Rs. 11,046 at 8.75% p.a. simple interes…

Question

A sum of Rs. 8,400 amounts to Rs. 11,046 at 8.75% p.a. simple interest in a certain time. What will be the simple interest (in Rs.) on a sum of Rs. 10,800 at the same rate for the same time?

Accepted Answer

Option C. 3,402. Answer & Solution Answer: Option C Solution: & A = P + S .I . & S .I . = P × R × T100 & 11046 = 8400 + 8400 × 8.75 × T100 & 2646 = 84 × 875 × T100 & 2646 = 21 × 35 × T & T = 3.6 years & S .I . = 10800 × 8.75 × 3.6100 & = 108 × 875 × 361000 & = 3402