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    • Question

      Priya put Rs. 6,800 in a scheme offering simple interest at

      8% p.a. for 4 years. What will be the total amount she gets?
      A Rs.15,350 Correct Answer Incorrect Answer
      B Rs.8,976 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 × Rate × Time ÷ 100

      Interest earned = 6,800 × 8 × 4 ÷ 100 = Rs. 2,176

      Required amount = 6,800 + 2,176 = Rs. 8,976

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