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A certain sum of money is borrowed by a person at 8% simple interest for 4 years. If he has to pay 7384 as interest, what is the total amount he has to pay ?
- A1487
- B1584
- C1634
- D1729
Correct answer: B
Discussion 1
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CCommunity
1584
Total amount = 384 (1 + 100/8 x 4)
= 384 (132/32) = 1584
Total amount = 384 (1 + 100/8 x 4)
= 384 (132/32) = 1584