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Standard VIII

Mathematics

Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

Four alternat...

Question

Four alternative options are given for each of the following statements.

Select the correct option.

The principal that yields a simple interest of Rs 1,280 at 16% per annum for 8 months is:

A. Rs 10,000

B. Rs, 12,000

C. Rs 12,800

D. Rs 14,000

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Solution

Let Rs. P be the principal.

Correct Option: B

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Four alternative options are given for each of the following statements. Select the correct option. The principal that yields a simple interest of Rs 1,280 at 16% per annum for 8 months is: A. Rs 10,000 B. Rs, 12,000 C. Rs 12,800 D. Rs 14,000

Let Rs. P be the principal. Correct Option: B

Four alternative options are given for each of the following statements.

Select the correct option.

The principal that yields a simple interest of Rs 1,280 at 16% per annum for 8 months is:

A. Rs 10,000

B. Rs, 12,000

C. Rs 12,800

D. Rs 14,000

Let Rs. P be the principal.

Correct Option: B