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    Question

    Deksha borrowed Rs. 500 at 5% per annum simple interest.

    What amount (in rupees) will she pay to clear her debt after 4 years?
    A 150 Correct Answer Incorrect Answer
    B 650 Correct Answer Incorrect Answer
    C 600 Correct Answer Incorrect Answer
    D 100 Correct Answer Incorrect Answer

    Solution

    SI = (P x R x T)/100 = 500 x 5 x 4/100 = 100 amount after 4 years = 500 + 100 = Rs 600

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