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)
R rishi raj

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

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