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Simple & Compound Interest · Question 8 of 60

Question 8

EasyOriginal question

Rohit earns ₹960 as simple interest on ₹6,000 in 2 years. At the same rate, how much interest will the same sum earn in 5 years?

Options for question 8

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Simple interest is the same every year: ₹960 ÷ 2 = ₹480 per year.

  2. In 5 years: 5 × ₹480 = ₹2,400.

Worth noting

₹4,800 multiplies the 2-year interest by 5. ₹8,400 is the amount, not the interest.

Concept
Simple interest is proportional to time
Typical time
30 s
Your time
—
The rule this testsSimple interest
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Ten questions from Simple & Compound Interest, at your own pace.

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Ten questions from Simple & Compound Interest, at your own pace.

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