Question

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​

Answer 1

Answer:

(B)5000

Step-by-step explanation:

Amt=6600

R=8%

T=4 years

Interest=PRT/100

=P*8*4/100

=32P/100

Amount=P+I

6600=P+32P/100

6600=132P/100

6600*100/132=P

5000=P