Mathematics · Simple Interest
The simple interest on a sum for 5 years at 8% p.a. is &subst;3,960. What will be the simple interest on the same sum for 62⁄3 years at 12% p.a?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1&subst;8,000
- 2&subst;7,920✓
- 3&subst;5,280
- 4&subst;6,600
Correct answer
&subst;7,920
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