What will Rs 800 amount to,in 3 years at 4% simple interest?
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Answer:
∴ Amount = 800 + 252 = 1052 Rs. Hence option [D] is correct answer
Step-by-step explanation:
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4 percent per annum simple interest gives the interest of 96 rupees on 800 in 3 years… Since the problem does not talk of compounding, let us assume that it is simple interest… You can verify that the solution is correct… 4 percent of 800 is 32 rupees and 3 times 32 is 96.
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