In the name of ALLAH, the most beneficient, the most merciful

Business Finance (ACC501)

Question (select most suitable option)

  If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if bank offers simple interest?
Rs. 5,400
Rs. 5,900
Rs. 6,600
Rs. 6,802