The simple interest on a certain sum is of the sum in years at a certain rate per cent p.a. What will be the interest (in ₹) on a sum of ₹ at the same rate in years at simple interest?
- A1,875
- B1,950
- C2,550
- D1,260
Solution & Step-by-step Explanation
Let the principal sum be .The simple interest () in years is of , which is .Using the Simple Interest formula:
Now, we need to calculate the simple interest on a new sum of ₹ at the same rate for years:
Thus, the interest is ₹.
Now, we need to calculate the simple interest on a new sum of ₹ at the same rate for years:
Thus, the interest is ₹.