| The sum which amounts to Rs. 364.80 in 8 yr at 3.5% simple interest per annum is |
A) Rs. 285
B) Rs. 280
C) Rs. 275
D) Rs. 270
E) None of these
Correct Answer: A
Solution :
| \[364.80=\frac{x\times 8\times 3.5}{100}+x\] |
| \[\Rightarrow \] \[364.80=x+\frac{7x}{25}\] |
| \[\Rightarrow \] \[x=\frac{364.80\times 25}{32}\]\[\Rightarrow \]\[x=Rs.\,285\] |
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