Simple Interest – Scale an amount at the same rate: If Rs 64 amounts to Rs 83.20 in 2 years at simple interest, then at the same rate what will Rs 86 amount to in 4 years?
Aptitude
Simple Interest
Difficulty: Medium
Choose an option
Answer
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:
- 64 amounts to 83.20 in 2 years → SI over 2 years = 19.20
- Need amount for 86 in 4 years at same rate
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:
Yearly SI on Rs 64 = 19.20 / 2 = 9.60Rate r% = (9.60 / 64) * 100 = 15%For P = 86, t = 4: A = 86 * (1 + 0.15 * 4) = 86 * 1.60 = Rs 137.60Verification / Alternative check:
Direct proportionality under SI confirms linear scaling with P and t.Why Other Options Are Wrong:
- Other values do not match A = 86 * 1.60.
Common Pitfalls:
- Applying compound growth instead of simple interest.
Final Answer:Rs 137.60.