SIMPLE INTEREST
SIMPLE INTEREST
SIMPLE INTEREST
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EXERCISE PROBLEMS<br />
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Answer: Option B<br />
Explanation:<br />
P 1 + 20 6<br />
n> 2P n> 2.<br />
100 5<br />
6 6 6 6<br />
Now, x x x > 2.<br />
5 5 5 5<br />
So, n = 4 years.<br />
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Answer: Option C<br />
Explanation:<br />
Amount= Rs. 8000 x 1 + 5 2<br />
100<br />
= Rs. 8000 x 21 x 21<br />
20 20<br />
= Rs. 8820.