Question

What sum will amount to ₹6600 in 4 years at 8% per annum simple interest?

Answer 1

Answer:

2112

Explanation:

Interest =amount ×years×rate

a=6600×4×8÷100

2112

Answer 2

Simple Interest = 2,112

Explanation:

Given:

Principal amount = 6,600

Number of years = 4 years

Rate of interest = 8% = 8 / 100 = 0.08

Simple Interest = ?

Computation of Simple Interest :

Simple Interest = Principal amount × Number of years × Rate of interest

Simple Interest = 6,600 × 4 × 0.08

Simple Interest = 6,600 × 0.32

Simple Interest = 2,112

Therefore, simple interest in 4 year is 2,112

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