Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times o…

Question

Rs. 6000 becomes Rs. 7200 in 4 years. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be = ?

Accepted Answer

Option B. Rs. 8250. Answer & Solution Answer: Option B Solution: & Principal\,\,\,\,\,\,\, Amount & \,\,\,\,\, 6000\,\,\,\,\,\,\,\,\,\,\,\,\,\, 7200\,\,\,\,\,_ + 1200 & By using formula, & Rate \% & = 12006000 × 1004 & = 5\% & New rate\% & = 5 × 3/2 = 7 .5\% & Interest after 5 years & = 6000 × 7.5…