Question

If Rs.100 becomes Rs.600 in 5 years at Simple Interest, then what will be the final amount in 15 years ?

Aakash Datt  February 14 2022 12:20:46 PM
If 100 becomes 600 in 5 years, it simply means in 5 years, interest earned is Rs.500. So, per year interest = Rs.100

So, in 15 years total interest will be Rs.1500. Therefore, total amount at the end of 15 years will be Rs.1600.