Difficulty: Medium
Correct Answer: Rs 137.60
Explanation:
Introduction / Context:
We first extract the rate from the first scenario, then apply the same simple interest rate to the new principal and time to get the new amount.
Given Data / Assumptions:
Concept / Approach:
From the first case, find yearly SI and rate. Then use A = P * (1 + r * t) for the second case.
Step-by-Step Solution:
Verification / Alternative check:
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
Rs 137.60.
Discussion & Comments