If A, B, and C are three amounts of money such that B is the simple interest on A, and C is the simple interest on B, all for the same time and at the same rate of interest, then which of the following is true?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. B2 = AC.
Simple Interest = (P × R × T)/100
⇒
⇒
So, B2 = A × C