Q

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

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

Views

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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