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Amount received on ₹ 3000 for 2 years at the rate of 11% per annum is(a) ₹ 2340 (b) ₹ 3660 (c) ₹ 4320 (d) ₹ 3330 |
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Answer» (b) ₹ 3660 From the question it is given that, Principal= ₹ 3000 Time = 2 Years Rate = 11% Then, we know the formula of Simple interest I = (P × R × T)/100 I= (3000 × (11) × 2)/100 I = (3000 × 11 × 2)/100 I = ₹ 660 Amount = P + I = 3000 + 660 = ₹ 3660 |
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