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A sum becomes Rs. 65800 in 4 years at simple interest at the yearly interest rate of 14% per annum. What is the sum (in Rs.)?

Question: A sum becomes Rs. 65800 in 4 years at simple interest at the yearly interest rate of 14% per annum. What is the sum (in Rs.)?
  • A. 106248
  • B. 908462
  • C. 104862
  • D. 102648 ✓
Correct Answer: D. 102648
Explanation: Using the simple interest formula A=P(1+rt), the sum is Rs. 102648.

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