What sum will amount to 6,600 in
4 years at 8% per annum simple
interest?
(A) 6,000 (B) 5,000
(C) $4,000 (D) 6,200
Answers
Answered by
12
Amount = principle + simple interest
given
6600 = p + (p× 4× 8)÷ 100
6600 = p + (32p) ÷ 100
6600 = (100p + 32p) ÷ 100 .... (LCM)
6600 = (132p) ÷ 100
(6600× 100) ÷ 132 = p .... (cancellation by 11)
(600× 100) ÷ 12 = p ..... (cancellation by 12)
p = 5000/-
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