InterviewSolution
Saved Bookmarks
| 1. |
Rs. 4000 are invested for 3 years in a scheme of simple interest at a rate of 20% per annum. What will be the amount (in Rs.) obtained after 3 years?1. Rs. 6400 2. Rs. 60003. Rs. 72004. Rs. 6600 |
|
Answer» Correct Answer - Option 1 : Rs. 6400 Concept used: SI = PRT/100 Amount = Principal + Interest Calculations: We know that, SI = (PRT/100) ⇒ SI = (4000 × 20 × 3)/100 ⇒ SI = 2400 Amount = Principal + Interest ⇒ A = 4000 + 2400 = 6400 ∴ Required amount is Rs. 6400 |
|