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The simple interest accrued on a sum of Rs15,000 at the end of 5 years is Rs9,750. If the rate of interest is 3% lesser, then the
interest would be
Rs9,750
Rs5,850
Rs3,250
Rs7,500
- To find the original rate of interest, use the formula for simple interest: SI=P⋅R⋅T100.
- Given: Principal P=15,000, Time T=5 years, Simple Interest SI=9,750.
- Solve for R: 9,750=15,000⋅R⋅5100.
- Results in R=13%.
- If the rate is 3% lesser, the new rate R′ is 10%.
- Calculate the new interest:
- New SI′=15,000⋅10⋅5100=7,500.
- Options:
- Option 1: Rs9,750 - This is the original interest, not the new one.
- Option 2: Rs5,850 - Incorrect calculation.
- Option 3: Rs3,250 - Incorrect calculation.
- Option 4: Rs7,500 - Correct new interest amount.
Option 4: Rs7,500
.
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