What will Rs. 7000 Become at the End of 5 years? If

If Rs.5000 becomes Rs.5700 in a year’s time, what will Rs. 7000 become at the end of 5 years at the same rate of interest?

  1. Rs.10500
  2. Rs.11900
  3. Rs.12700
  4. Rs.7700
Monis Rasool Professor Asked on 10th June 2015 in Maths.
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  • 1 Answer(s)

    Answer: (2) Rs.11,900
    Explanation:-

    Given-  Principal = Rs.5,000,         Amount = Ra.5,700     and time = 1 year
    Simple interest = A mount – Principal
    =   5,700 – 5,000 = 700
    Formula-  Simple interest = Principal x time x rate /100
    Then, Rate = 700 x 100/5000 x 1
    = 14%
    And  the interest of 5 years of Rs.7000 –
    Simple interest = 14 x 5 x 7000/100
    = Rs.4,9,00
    Then, the amount will be end of the five years = 7,0,00 + 4,900 = 11,900

    Hence, the answer is (2) Rs.11, 900.

    Anurag Mishra Professor Answered on 11th June 2015.
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