If the interest of Tk. M at M% in 4 years is Tk. M, then M = ?
Solution
Correct Answer: Option B
Here,
P = M
r = M%
I = M
n = 4
We know that,
I = Pnr
M = M × 4 × (M/100)
⇒ 1 = M/25
∴ M = 25
P = M
r = M%
I = M
n = 4
We know that,
I = Pnr
M = M × 4 × (M/100)
⇒ 1 = M/25
∴ M = 25
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