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A sum at 8% per annum for 2 years amounts to ₹5800. Find the simple interest.

Class 7Simple InterestComparing Quantities

A₹800
B₹928
C₹464
D₹1160

Step-by-Step Solution

Amount =

P + S

.I. =

P + (P \times 8 \times 2) /100 = P (1 + 0.16) = 1.16 P = 5800

, so

P

= ₹5000.

S

.I. = 5800 − 5000 = ₹800.

Answer: A) ₹800

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