Question

The simple interest on a sum of money at 5% is Rs. 48 for 4 years. The simple interest on the same sum for 5 years at 4% will be.

• A. Rs. 40
• B. Rs. 48
• C. Rs. 50
• D. Rs. 60

Answer 1

The correct option is B Rs. 48

$Principal=Rs.\left(\frac{100\times 48}{5\times 4}\right)=Rs.240.$

$SI=Rs.\left(\frac{240\times 5\times 4}{100}\right)=Rs.48$