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Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest. If the rate becomes 1.5 times to itself, the amount of the same principal in 5 years will be:
  • a)
    Rs. 6000
  • b)
    Rs. 7000
  • c)
    Rs. 8600
  • d)
    Rs. 9000
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest....
P = Rs. 5000, S.I. = Rs. (6920 - 5000) = Rs. 1920, T = 4 years
By putting values, R = 48/5 % p.a.
New rate = (1.5 × 48/5) = 72/5 % p.a.
Now, P = Rs. 5000, R = 72/5 %, T = 5 years
By putting values, S.I. = Rs. 3600
∴ Amount = Rs. (5000 + 3600) = Rs.8600
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Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest. If the rate becomes 1.5 times to itself, the amount of the same principal in 5 years will be:a)Rs. 6000b)Rs. 7000c)Rs. 8600d)Rs. 9000Correct answer is option 'C'. Can you explain this answer?
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Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest. If the rate becomes 1.5 times to itself, the amount of the same principal in 5 years will be:a)Rs. 6000b)Rs. 7000c)Rs. 8600d)Rs. 9000Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest. If the rate becomes 1.5 times to itself, the amount of the same principal in 5 years will be:a)Rs. 6000b)Rs. 7000c)Rs. 8600d)Rs. 9000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rs. 5000 amounts to Rs. 6920 in 4 years at a certain rate of interest. If the rate becomes 1.5 times to itself, the amount of the same principal in 5 years will be:a)Rs. 6000b)Rs. 7000c)Rs. 8600d)Rs. 9000Correct answer is option 'C'. Can you explain this answer?.
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