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    Question

    A person invested Rs. 50,000 for 4 years at a simple

    interest rate of 11%. What is the total amount after 4 years?
    A Rs. 65,000 Correct Answer Incorrect Answer
    B Rs. 55,000 Correct Answer Incorrect Answer
    C Rs. 72,000 Correct Answer Incorrect Answer
    D Rs. 65,600 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Simple interest = 50000 Ă— (11/100) Ă— 4 = 50000 Ă— 0.44 = Rs. 22,000

    Amount = 50000 + 22000 = Rs. 72,000

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