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The simple interest on a sum of money for 10 years is Rs 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs)obtained after 10 years?
The simple interest on a sum of money for 10 years is Rs 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs)obtained after 10 years?
1). 6260
2). 7825
3). 9390
4). 15650
1). 6260
2). 7825
3). 9390
4). 15650
This Question has 2 answers.
i think option 3 is correct
first method:
interest after 10 years = 3130
so after 5 years = 1565
so, now principal = 1565*5 = 7825
thus total interest for 10 years = 7825+1565 = 9390
second method:
si= prt/100
p*r*10 / 100 = 3130 so p*r = 31300
now,
si = si for 1st five years + si for 2nd five years
si = p*r*5/100 + 5p*r*5/100
put value of pr in the above equation
si = 31300* 5/100 + 5*31300*5/100
si= 9390
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