Question

A sum invested for 3 years at 8% p.a. simple interest becomes to Rs. 8000 . What will it amount to in 4 years at 12% p.a. simple interest ?

Answer 1

Step-by-step explanation:

Time =3

Rate=8%

Simple interest=8000

Principal=Let it be P

P*R*T/100=Simple interest

P*8*3/100=8000

P=8000*100/24

P=100000/3

P=100000/3

If the

Time =4

Rate=12%

Principal=100000/3

Simple interest =4*12*10000/3*100

=4*4*100

=1600

Hence the simple interest is 1600.

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