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Multiple choice

What sum will amount to Rs 6,600 in 4 years at 8% per annum at simple interest?

  1. Rs 6,000

  2. Rs 5,000

  3. Rs 4,000

  4. Rs 6,200

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Amount = P + SI = P + (P * R * T) / 100 = P(1 + (8 * 4) / 100) = P(1 + 0.32) = 1.32P. 1.32P = 6600. P = 6600 / 1.32 = 5000.

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