The simple interest accrued on a certain principal is Rs. 1200 in 4 years at 8 percent per annum. What would be the simple interest accrued on thrice that principal at 6 percent per annum in 3 years?

ARs. 2025 ✓ Correct

BRs. 2125

CRs. 2000

DRs. 2150

Correct answer: (A) Rs. 2025

Explanation

The new interest is Rs. 2025.

principal = 1200 x 100 / (4 x 8) = 3750.

thrice the principal = 11250.

interest = 11250 x 6 x 3 / 100.

= 11250 x 0.18 = Rs. 2025.

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