Question : If on a certain sum, the simple interest for 4 years is INR 2,000, then what is the simple interest for 6 years on the same sum?
Option 1: INR 3,500
Option 2: INR 3,000
Option 3: INR 4,000
Option 4: INR 2,800
Correct Answer: INR 3,000
Solution :
Given: A certain sum, the simple interest for 4 years is INR 2,000.
The simple interest for 1 year on the same sum = $\frac{2000}{4}$ = INR 500
The simple interest for 6 years on the same sum = INR 500 × 6 = INR 3,000
Hence, the correct answer is INR 3,000.
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