A person took some amount with some interest for 8 years, but increase the interest for 1%, he paid Rs.640/- extra, then how much amount he took? Choose the correct choice from the following: A) Rs.5500/- B) Rs.8000/- C) Rs.4000/- D) Rs.7000/- E) None of these
Explanation:
8 years = Rs.640/-
year = 640/8
Rate of Interest = 1%
100/1% × 640/8 = Rs.8000/-
P = Rs.8000/- Answer: Option Rs.8000/-
<result>B</result>
A person took some amount with some interest for 8 years, but increase the interest for 1%, he paid Rs.640/- extra, then how much amount he took?