Arithmeticmedium · Past Paper

If Rs. 500 amounts to Rs. 600 in 2 years at SI, what will Rs. 1000 amount to in 2 years at the same rate?

ARs. 1100
BRs. 1200
CRs. 1500
DRs. 1300

✓ Correct Answer: BRs. 1200

Rate is (100*100)/(500*2) = 10%. Interest on 1000 = (1000*2*10)/100 = 200. Amount = 1200.

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