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    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 × (8/100) × 5 = 25000 × 0.40 = Rs. 10,000

    Amount = 25000 + 10000 = Rs. 35,000

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