Question

In year rs 8000 will amount to rs 8840 at 3. 5%sime interest is

Answer 1

Answer:

In 4 years, Rs. 6500 amounts to Rs. 8840 at a certain rate of interest.

Let rate of interest =r% per annum

Here, Principal P=6500

Interest =8840−6500=2340

Time t=4 years

Simple interest  =100P×r×t

2340=1006500×r×4

2340=260r

⇒r=9

Let, in t years, Rs. 1600 amounts to Rs. 1816

Step-by-step explanation:

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