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      Question

      Calculate the total return on Rs. 60,000 invested for 2

      years at 15% p.a. simple interest.
      A Rs. 35,000 Correct Answer Incorrect Answer
      B Rs. 25,000 Correct Answer Incorrect Answer
      C Rs. 78,000 Correct Answer Incorrect Answer
      D Rs. 65,600 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Simple interest = 60000 Γ— (15/100) Γ— 2 = 60000 Γ— 0.30 = Rs. 18,000

      Amount = 60000 + 18000 = Rs. 78,000

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