What total amount would Mithilesh get at the end of three years if he invests an amount of Rs 11,200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years ?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (Indian Bank) 2011 click here to view all questions

What total amount would Mithilesh get at the end of three years if he invests an amount of Rs 11,200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years ?

ARs 14,056

BRs 14,348

CRs 13,852

DRs 15,064

upendra ? undefined

Correct answer is: Rs 14,056

Explanation:

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

\(=\Large \frac{11200 \times 3 \times 8.5}{100}\)

Therefore, Required amount
\(= Rs.(11200+2856)\)

\(= Rs.14056\)

All DiscussionsClick here to write answer

Correct answer is: Rs 14,056 Explanation: \(S.I = \Large \frac{Principal \times Time \times Rate}{100}\) \(=\Large \frac{11200 \times 3 \times 8.5}{100}\) Therefore, Required amount \(= Rs.(11200+2856)\) \(= Rs.14056\) upendra ? answered undefined All Comments

Post your answers here:

Post

Post your comments here:

Message

Post

Cancel