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    Question

    Rahul lent Rs. 10,000 on simple interest at 6% annually for

    3 years. Find the amount returned to him after the period.
    A Rs.15,350 Correct Answer Incorrect Answer
    B Rs.11,800 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 = 10,000 ├Ч 6 ├Ч 3 ├╖ 100 = Rs. 1,800

    Required amount = 10,000 + 1,800 = Rs. 11,800

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