Question

Calculate the sum that will amount to 36600 in 4 yrs at 8% per annum simple interest. (a) 6000 (6) 5000 (c) 6300 (d) 3550
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Answer 1

Answer:

Let the Principal be x.

then, SI = (PRINCIPAL × RATE P.A × TIME)÷ 100

= (x × 8 × 4 ) / 100 = 32x/100 = 8x/25

Amount = SI + Principal

₹36600 = 8x/25 + x

₹36600 = (8x + 25x) /25

₹36600 × 25 = 33x

₹915000 ÷ 33 = x

x = ₹27727.27(approx)

Option are wrong.