Advertisements
Advertisements
Question
In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum?
Options
3
4
2
6
MCQ
Solution
3
Explanation:
7200 × 8% = ₹576
∴ 8928 - 7200 = `1728/576`
= 3 years
shaalaa.com
Simple and Compound Interest (Entrance Exam)
Is there an error in this question or solution?