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If Rs 64 amounts to Rs 83.20 in 2 years on simple interest, then how much will Rs 86 amount to in 4 years at the same rate percent per annum ?

Solution

Correct Option: 4

SI on Rs 64 for 2 years =83.2064=19.20=83.20-64=19.20. Rate =19.20×10064×2=15%=\frac{19.20\times 100}{64\times 2}=15\%. For Rs 86 in 4 years: SI =86×15×4100=51.60=\frac{86\times 15\times 4}{100}=51.60. Amount =86+51.60=137.60=86+51.60=137.60.

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