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    Question

    What will be the total amount earned after 3 years on an

    investment of Rs. 45,000 at 10% per annum simple interest?
    A Rs. 45,000 Correct Answer Incorrect Answer
    B Rs. 25,000 Correct Answer Incorrect Answer
    C Rs. 58,500 Correct Answer Incorrect Answer
    D Rs. 65,600 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Simple interest = 45000 × (10/100) × 3 = 45000 × 0.30 = Rs. 13,500

    Amount = 45000 + 13500 = Rs. 58,500

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