What amount a man would have received on a principal of Rs. 4,000 after two years at simple interest at the rate of 5 per cent per annum ?

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BANK PO Exam (Corporation Bank) 2009 click here to view all questions

What amount a man would have received on a principal of Rs. 4,000 after two years at simple interest at the rate of 5 per cent per annum ?

ARS 4,161

B RS 5,200

CRS 4,400

D RS 4,100

upendra ? undefined

Correct answer is: RS 4,400

Explanation:

S.I. = \(\Large \frac{Principal \times Time \times Rate}{100}\)

 

= Rs. \(\Large \left(\frac{4000 \times 2 \times 5}{100}\right)\)

Therefore, Amount received = S.I. + Principal

 

= Rs.  \(\Large \left(4000 + 400\right)\)

= Rs.4400

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Correct answer is: RS 4,400 Explanation: S.I. = \(\Large \frac{Principal \times Time \times Rate}{100}\)   = Rs. \(\Large \left(\frac{4000 \times 2 \times 5}{100}\right)\) Therefore, Amount received = S.I. + Principal   = Rs.  \(\Large \left(4000 + 400\right)\) = Rs.4400 upendra ? answered undefined All Comments

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