Question

Rate is 16% and time is 3 years and C. I. for 3rd year is 3364 find sum​

Answer 1

Answer:

A. Rs. 8000 B. Rs. 8500

C. Rs.7500 D. Rs. 8200

Discuss

answer with explanation

Answer: Option A

Explanation:

This means that, simple Interest on Rs.400 for 1 year = 420 - 400 = 20

Rate =

100

×

SI

PT

=

100

×

20

400

×

1

=

5

%

Rs.400 is the interest on the sum for 1st year

Hence, sum =

100

×

SI

RT

=

100

×

400

5

×

1

=

Rs. 8000