A sum of Rs 720 amounts to Rs 882 at simple interest in $$1\frac{1}{2}$$ years. In how many years will the sum Rs 800 amounts to Rs 1040 at the same rate?Â
Let rate of interest = $$r\%$$
Simple interest for $$1\frac{1}{2}=\frac{3}{2}$$Â years = $$(882-720)=Rs.$$ $$162$$
=> $$\frac{P\times r\times t}{100}=162$$
=> $$\frac{720\times r\times\frac{3}{2}}{100}=162$$
=> $$10.8r=162$$
=> $$r=\frac{162}{10.8}=15\%$$
Let time taken when Rs 800 amounts to Rs 1040 = $$t$$ years
=> $$\frac{800\times15\times t}{100}=(1040-800)$$
=> $$120t=240$$
=> $$t=\frac{240}{120}=2$$ years
=> Ans - (A)
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