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Find out the amount on Rs. 13000 for 1 year at 2% annual rate of simple interest.1. Rs. 122602. Rs. 132603. Rs. 112604. Rs. 10260 |
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Answer» Correct Answer - Option 2 : Rs. 13260 Given: Principal = Rs. 13,000 Time = 1 year Rate of interest = 2% Formula used: S.I = PRT/100 Calculation: S.I = (Rs. 13000 × 1 × 2)/100 ⇒ Rs. 260 Amount = Principal + S.I ⇒ Rs. 13,000 + Rs. 260 ⇒ Rs. 13,260 ∴ The required amount is Rs. 13,260 |
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