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Sunday, March 17, 2024

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 ?

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

Correct answer is: Rs 14,056

Explanation:

S.I=Principal×Time×Rate100

=11200×3×8.5100

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

=Rs.14056

upendra
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