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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 ร— (10/100) ร— 3 = 45000 ร— 0.30 = Rs. 13,500

      Amount = 45000 + 13500 = Rs. 58,500

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