The simple interest on a certain sum in 
years at 6% p.a. is Rs. 2541. what will be the amount of the same sum in 
years at 
% p.a.?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 11253.
Given -
Time = 5.5 years
Rate = 6% p.a.
Simple Interest = Rs. 2541
New Time = 17/3 years
New Rate = 57/7% p.a.
SI = (PRT)/100
Principal = 2541 × 100/(5.5 × 6) = Rs. 7700
Simple Interest = 7700 × (57/7) × (17/3)/100
SI = Rs. 3553
Amount = 7700 + 3553 = Rs. 11253