1.

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

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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