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    Question

    A sum of ₹12,000 is invested at a rate of 5% per annum

    for 3 years. What will be the total amount at the end of the investment period, including interest?
    A ₹13,800 Correct Answer Incorrect Answer
    B ₹14,200 Correct Answer Incorrect Answer
    C ₹13,500 Correct Answer Incorrect Answer
    D ₹15,000 Correct Answer Incorrect Answer

    Solution

    Simple Interest (SI) = (Principal × Rate × Time) / 100 SI = (12,000 × 5 × 3) / 100 = ₹1,800 Total amount = Principal + SI = ₹12,000 + ₹1,800 = ₹13,800 Correct Option: a

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