Question

In simple interest, P = ₹ 4600 ; Amount = ₹ 5600 (at the end of 2 years ),then interest = ₹ ______

• A. 1000
• B. 600
• C. 9600
• D. 9000

Answer 1

The correct option is A

1000

TRUE: In this case the simple interest accumulation function a(t) is assumed linear and is of the form:a(t) = 1 + st with s the simple interest rate and t the time. And the relationship between the amount and the accumulation function is linear : Ak(t) = accumulated amount function = Ka(t) = K(1 + st)