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What would a sum of Rs.8800 amount to in 16 years at a simple interest rate of 12% every year?

Option 1)
Rs.20000
Option 2)
Rs.18846
Option 3)
Rs.25696
Option 4)
Rs.32322
Option 5)
Rs.14440

Answers (1)

best_answer

Amount = 12 x 16 % of P + 100 % (which is p )

192 % of p + 100 %

292 %

$A=\frac{292}{100}\times 8800=88\times 292$

= 25696

Posted by

rishi.raj

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