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

      What is the maturity value of Rs.25000 at the end of 2

      years at 9.25% Simple Interest?
      A Rs.29625 Correct Answer Incorrect Answer
      B Rs.30225 Correct Answer Incorrect Answer
      C Rs.29250 Correct Answer Incorrect Answer
      D Rs.28000 Correct Answer Incorrect Answer

      Solution

      As we know Simple Interest = (Principal x Rate x time)/100 Simple Interest = (25000 Γ— 9.25 Γ— 2)/100 Simple Interest = Rs. 4625 Amount = Rs. 25000 + Rs. 4625 Rs. 29625.

      Practice Next

      Relevant for Exams:

      ask-question