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4 years, ₹ 6000 amounts to ₹ 8,000. In what time at the same rate will ₹ 525 amount to 700 ?
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- 5 years
- 3 years
- 4 years
- None of these
- 5 years
Correct Option: C
Case-I,
Simple Interest = 8000 – 6000 = Rs. 2000
| Rate = | |
| Principal × Time |
| Rate = | = | % | ||
| 6000 × 4 | 3 |
∴ Case-II,
| Time = | |
| Principal × Rate |
| Time = | |||
| = 4 Years. | |||
| 525 × | |||
| 3 | |||
