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Byju's Answer
Standard VIII
Mathematics
Formula for CI
Henry has Rs....
Question
Henry has Rs.
1200
in a savings account that earns
12
% annually. How much will he have in
4
years?
A
276
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B
376
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C
476
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D
576
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Solution
The correct option is
D
576
Simple interest,
I
=
P
R
T
100
Where,
P
=
principal
=
Rs.
1200
R
=
rate
=
12
%
T
=
time period
4
years
⇒
I
=
1200
×
12
×
4
100
⇒
I
=
Rs.
576
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