Aptitude - Simple Interest - Discussion
Discussion Forum : Simple Interest - General Questions (Q.No. 13)
13.
A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
Answer: Option
Explanation:
We need to know the S.I., principal and time to find the rate.
Since the principal is not given, so data is inadequate.
Discussion:
97 comments Page 8 of 10.
Amu said:
8 years ago
Actually, we have to find just amount of how much earned not a rate of interest so 35 answer is correct.
Pema said:
4 years ago
We can find the principle by using this formula but we need to assume the interest rate.
P = si/(r*t).
P = si/(r*t).
Manjeet kumar said:
9 years ago
The Answer is 35.
Since the rate is increased by 2% so the S.I gets increased by 2%.
2% of 1750 = 35.
Since the rate is increased by 2% so the S.I gets increased by 2%.
2% of 1750 = 35.
Ashik said:
9 years ago
"Had the interest been 2% more, " - S.I is increased by 2% right? not the Rate of Interest (R).
Sanju said:
1 decade ago
@Sparsh.
255-250 = 5.
5*7 years = 35.
That's the answer. Increase in simple interest.
255-250 = 5.
5*7 years = 35.
That's the answer. Increase in simple interest.
Prakash said:
9 years ago
Here, the interest is directly proportional to the rate of interest.
Shubham said:
9 years ago
They are asking about the amount of increase. So 35 is the answer.
Megha said:
8 years ago
Why don't we assume 100 as a principal?
Can anyone answer this?
Can anyone answer this?
Jeni said:
1 decade ago
I can't understnd the solution, can you please explain clearly ?
Bhadresh savani said:
8 years ago
B is correct.
2% for 7 years will be 14%.
14% of 1750 is 245.
2% for 7 years will be 14%.
14% of 1750 is 245.
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