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    Question

    A sum of ₹12,000 is invested at 8% simple interest per

    annum. What is the total amount after 5 years?
    A ₹14,500 Correct Answer Incorrect Answer
    B ₹14,400 Correct Answer Incorrect Answer
    C ₹15,400 Correct Answer Incorrect Answer
    D ₹16,800 Correct Answer Incorrect Answer

    Solution

    The formula for simple interest is: Simple Interest (SI) = (P × R × T) / 100, Where P is the principal, R is the rate, and T is the time in years. SI = (12,000 × 8 × 5) / 100 = ₹4,800. Total amount = Principal + SI = ₹12,000 + ₹4,800 = ₹16,800. The total amount after 5 years is ₹16,800.

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