Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 6)
6.
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
3%
4%
5%
6%
None of these
Answer: Option
Explanation:

S.I. = Rs. (15500 - 12500) = Rs. 3000.

Rate = 100 x 3000 % = 6%
12500 x 4

Video Explanation: https://youtu.be/SIcQu1HOmOk

Discussion:
51 comments Page 3 of 6.

Salimjoy said:   9 years ago
What means PTR and SI?

Sarath said:   9 years ago
I think Rajesh method is correct.

Rajesh said:   10 years ago
--> 12500*6% = 750.

---> 750*4 = 3000.

---> 12500+3000 = 15500.

Answer: 6%.

Raji said:   10 years ago
12500*6% = 750.
750*4 = 3000.
12500+3000 = 15500.

Vijayalaxmi said:   1 decade ago
Here.

P = 12500.
T = 4 years.

Amount = S.I+P.

S.I = Amount-P.

S.I = 15500-12500 = 3000.

R = 100*S.I/P*T = 100*3000/12500*4 = 6%.

Shri said:   1 decade ago
4.65*10 = 46.5.
46.5*2 = 93.
Hence 20 days.

Rajesh said:   1 decade ago
We have a 12500 amount & after 4 year, we get 15500 amount so total.

Profit amount or S.I in 4 Year is 3000.

Now use the Formula:.

S.I = (P*R*T) /100.

Priyanka said:   1 decade ago
@answer me

To get amount of S.I. for four years..

Juhi said:   1 decade ago
Amount = principal + simple interest.

Dats why we subtracted amount and principal to have the simple interest.

Yeswanth said:   1 decade ago
Still I deosn't understand why we have to consider SI as sub 1550 from12500.


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