Question

1. What sum will amount to 6.600 in 4 years at 8% per annum simple
interest
(2019)
(A) 6,000 (B) 5,000 (C) 4,000 (D) 6,200​

Answer 1

Step-by-step explanation:

Let the sum which will amount to Rs 6,600 in 4 years @ 8% per annum be P. Hence the sum which will amount to Rs 6,600 @ 8% per annum for 4 years at simple interest is Rs. 5000. Hence option [b] is correct.