Rs. 5000 amounts to Rs. 5700 in 1 year at simple interst. What will be Rs.8000 in 3 years
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4
Answer:
10960
Step-by-step explanation:
SI for 1 year = 5000×R×1/100 = 700
R = 700 × 100/5000
R = 700/50
R = 14
SI for 3 years at rupees 8000
8000×14×3/100
80×14×3 = 80×42
SI = 3360
Amount = 8000+3360 = 11360
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