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?
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 4 of 6.
RAVAAN said:
6 years ago
15500 - 12500 = 3000.
100% = 12500,
= 3000.
=> 24% for 4 years ,
Then 1 year = 6%.
100% = 12500,
= 3000.
=> 24% for 4 years ,
Then 1 year = 6%.
(5)
Rajesh said:
10 years ago
--> 12500*6% = 750.
---> 750*4 = 3000.
---> 12500+3000 = 15500.
Answer: 6%.
---> 750*4 = 3000.
---> 12500+3000 = 15500.
Answer: 6%.
Sulthan shareef said:
3 years ago
15500-12500 = 3000.
100 * 3000 = 30000.
12500 * 4 = 50000.
100*30000/12500 * 4 = 6.
100 * 3000 = 30000.
12500 * 4 = 50000.
100*30000/12500 * 4 = 6.
(5)
Yeswanth said:
1 decade ago
Still I deosn't understand why we have to consider SI as sub 1550 from12500.
Namit kumar said:
10 years ago
Friends its very simple.
15500-12500 = 3000 /4 = 750.
750*100/12500 = 6%.
15500-12500 = 3000 /4 = 750.
750*100/12500 = 6%.
(1)
Kshiroda said:
8 years ago
To get simple interest we have to multiply principal *rate*time/100.
Sana said:
1 decade ago
Why subtraction take place? principle & amount is equal?
Ruturaj said:
1 decade ago
He calculation used to calculate rate gives out 150 not 6.
Answer me said:
2 decades ago
Can someone please explain why we sub 12500 from 15500 ?
Abhishek said:
1 decade ago
Is it like
Amount= P + S.I
Amount= P + (P*T*R)/100 ?
Amount= P + S.I
Amount= P + (P*T*R)/100 ?
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