A certain sum amounts to ₹9243.20 in \(1\frac{1}{2}\) years at 4% p.a. simple interest. What will be the simple interest on the same sum for \(7\frac{1}{2}\) years at 8% per annum?

A certain sum amounts to ₹9243.20 in \(1\frac{1}{2}\) years at 4% p

1.	A certain sum amounts to ₹9243.20 in \(1\frac{1}{2}\) years at 4% p.a. simple interest. What will be the simple interest on the same sum for \(7\frac{1}{2}\) years at 8% per annum?
A.	₹5580
B.	₹5223
C.	₹5232
D.	₹5508
Answer» D. ₹5508

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A certain sum amounts to ₹9243.20 in \(1\frac{1}{2}\) years at 4% p.a. simple interest. What will be the simple interest on the same sum for \(7\frac{1}{2}\) years at 8% per annum?

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