# At What Rate Percent of Simple Interest Will the Interest on Rs.3750 Be One-fifth of Itself in 4 Years? to What Will It Amount in 15 Years? - Mathematics

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Sum

At what rate percent of simple interest will the interest on Rs.3750 be one-fifth of itself in 4 years? To what will it amount in 15 years?

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#### Solution

P = Rs.3750

I = Rs.3750xx1/5 = Rs.750

T = 4 years

R =(100xx"I")/("P"xx"T")

=(100xx750)/(3750xx4)

= 5%

Again, P = Rs.3750

The interest of 4 years = Rs.750

The interest of 1 year = Rs.750/4

Interest of 15 years = Rs.750/4xx15

= Rs.(750xx15)/4

= Rs.5625/2

= Rs.2812.50

Amount in 15 years will be = Rs.3750 + Rs.2812.50

= Rs.6562.50

∴ Rate = 5%

The amount in 15 years will be = Rs.6562.50

Concept: Concept of Principal, Interest, Amount, and Simple Interest
Is there an error in this question or solution?

#### APPEARS IN

Selina Concise Mathematics Class 8 ICSE
Chapter 9 Interest
Exercise 9 (B) | Q 7 | Page 108
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