πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      A man deposits Rs. 25,000 at a simple interest rate of

      8% per year. What amount will he receive after 5 years?
      A Rs. 35,000 Correct Answer Incorrect Answer
      B Rs. 25,000 Correct Answer Incorrect Answer
      C Rs. 58,500 Correct Answer Incorrect Answer
      D Rs. 65,600 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Simple interest = 25000 Γ— (8/100) Γ— 5 = 25000 Γ— 0.40 = Rs. 10,000

      Amount = 25000 + 10000 = Rs. 35,000

      Practice Next
      ask-question