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An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25% per year in 4 years. What is the amount (in Rs.)?
- A13800
- B11800
- C12800
- D14800
Answer not set
Discussion 1
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CCommunity
Let the amount be y
Simple Interest can be given as
⇒ 3200 = (y × 6.25 × 4)/100
⇒ y = 12800
∴ the amount is Rs. 12800
Simple Interest can be given as
⇒ 3200 = (y × 6.25 × 4)/100
⇒ y = 12800
∴ the amount is Rs. 12800