Question 120

In how many years will Rs. 4400 amount to Rs. 5984 at 4 pcpa simple interest ?

Solution

According to the question:

Simple Interest will be = 5984 - 4400 = 1584

Hence, $$ 1584 = 4400 \times \frac{4}{100} \times n $$ (Where n is number of years)

So n = 9 years

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