Correct Answer - Option 4 : Rs. 1,687.5
Given:
P = Rs. 75,000
Rate = 15%
Time = 2 years
Formula used:
SI = (P × R × T)/100
CI = Amount – Principal
Amount = P(1 + R/100)t
Calculation:
According to the question
SI = (75,000 × 15 × 2)/100
⇒ Rs. 22,500
Now,
Amount = 75,000 × (1 + 15/100)2
⇒ Rs. (75,000 × 115/100 × 115/100)
⇒ Rs. 99,187.5
CI = Amount – Principal
⇒ (99.187.5 – 75,000)
⇒ Rs. 24,187.5
Now,
Required profit will she make = Rs. (24,187.5 – 22,500)
⇒ Rs. 1,687.5
∴ Require profit Smita will make is Rs. 1,687.5