If Rs. 4,000 becomes Rs. 4,560 in 2 years of time. By the end of 4 years, with the same rate of simple…
The interest on Rs. 4,000 for two years is Rs. 560, giving a yearly rate of 560 × 100 ÷ (4,000 × 2) = 7%. Thus Rs. 5,000 earns Rs. 1,400 in four years and becomes Rs. 6,400.
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If Rs. 4,000 becomes Rs. 4,560 in 2 years of time. By the end of 4 years, with the same rate of simple interest, Rs. 5,000 becomes (in Rs. )
Answer and explanation
Correct answer B
The interest on Rs. 4,000 for two years is Rs. 560, giving a yearly rate of 560 × 100 ÷ (4,000 × 2) = 7%. Thus Rs. 5,000 earns Rs. 1,400 in four years and becomes Rs. 6,400.
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