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    Question

    Amit invested Rs. 12,500 at a simple interest rate of 5.2%

    per annum for 6 years. Calculate the total amount he will receive.
    A Rs.15,350 Correct Answer Incorrect Answer
    B Rs.16,400 Correct Answer Incorrect Answer
    C Rs.10,150 Correct Answer Incorrect Answer
    D Rs.18,100 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Simple interest = Principal ├Ч Rate ├Ч Time ├╖ 100

    Interest earned = 12,500 ├Ч 5.2 ├Ч 6 ├╖ 100 = Rs. 3,900

    Required amount = 12,500 + 3,900 = Rs. 16,400

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