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 5 of 6.

Priyanka said:   1 decade ago
@answer me

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

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

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

Gopal said:   1 decade ago
Why we take P = 12500 any why not 15500?

Johny said:   1 decade ago
Why should we subtract 15500 from 12500?

Nikhil said:   1 decade ago
Hi. Why we took 12500 as principal?

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

Madhi said:   7 years ago
How we are taking time =4yrs?

Dineshpalani said:   7 years ago
Please explain this problem.

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


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