In 4 years, Rs.6,500 amounts of Rs.8,840 at certain rate of intrest.In – InterviewSolution

1.

In 4 years, Rs.6,500 amounts of Rs.8,840 at certain rate of intrest.In what time will Rs.1,600amount to Rs. 1,816 at the same rate

Answer»

SI = P*R*T/1008840-6500 = 6500*R*3/1002340 = 65*3*RR = 780/65R = 12%

Now time taken for SI = 1816-1600 = 216

216 = 1600*12*T/100T = 216/(16*12) = 18/16 = 9/8 = 1.12 years

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