Question

A certain sum amounts to Rs. 38250 in 5 years and Rs. 34000 in 4 years. The rate of interest is ____ . The Simple Interest calculated on same amount and same rate for 3 years is Rs. ____ .

• A. 20, 17000
• B. 15, 17000
• C. 25, 17000
• D. 25, 12750

Answer 1

Answer:

D. 25, 12750

simple interest remains same for each year Simple Interest for a year = 38250 - 34000 = Rs. 4250 Simple interest for 3 years = 4250 × 3 = Rs. 12750