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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 × (15/100) × 2 = 60000 × 0.30 = Rs. 18,000

    Amount = 60000 + 18000 = Rs. 78,000

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