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A sum becomes Rs. 8800 in 4 years at simple interest at the yearly interest rate of 25% per annum. What is the sum (in Rs.)?
- A4400
- B6600
- C7040
- D6400
Answer not set
Discussion 1
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CCommunity
Let Rs. P be the sum
Given,
Total amount = 8800
Rate of interest = 25%
And, time = 4 years
S.I. = (P × R × T)/100
⇒ 8800 – P = (P × 25 × 4)/100
⇒ 8800 – P = P
⇒ 2P = 8800
∴ P = 4400
Given,
Total amount = 8800
Rate of interest = 25%
And, time = 4 years
S.I. = (P × R × T)/100
⇒ 8800 – P = (P × 25 × 4)/100
⇒ 8800 – P = P
⇒ 2P = 8800
∴ P = 4400