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Question
Mathematics
If ₹ 5000 becomes ₹ 5800 in 2 years at simple interest, how much does a sum of ₹ 12000 become in 5 years at the same rate of simple interest?
Q. If ₹ 5000 becomes ₹ 5800 in 2 years at simple interest, how much does a sum of ₹ 12000 become in 5 years at the same rate of simple interest?
182
173
Simple Interest and Compound Interest
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A
8800
B
10700
C
12790
D
16800
Solution:
800
=
100
5000
×
2
×
R
800
=
100
×
R
R
=
8%
S
I
=
100
12000
×
5
×
8
=
₹4800
Total sum
=
12000
+
4800
=
16800