# What would a sum of Rs.8800 amount to in 16 years at a simple interest rate of 12% every year? Option 1) Rs.20000Option 2) Rs.18846 Option 3) Rs.25696 Option 4) Rs.32322 Option 5) Rs.14440

R rishi raj

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

192 % of p + 100 %

292 %

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

= 25696

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