1
Mr. Madhur deposits an amount of Rs. 58,750/- to obtain a simple interest at the rate of 12 p.c:p.a:for years. What total amount will Mr. Madhur get at the end of 4 years?
- ARs. 91,230/-
- BRs. 86,950/-
- CRs. 74,760/-
- DRs. 69,540/-
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0
CCommunity
Solution
Principal amount = Rs. 58,750
Rate of interest = 12% and time period = 4 years
Simple interest = $\frac{58750 \times 12 \times 4}{100}$
= Rs. $28,200$
Total amount Mr. Madhur will get = 58750 + 28200
= Rs. 86,950
Principal amount = Rs. 58,750
Rate of interest = 12% and time period = 4 years
Simple interest = $\frac{58750 \times 12 \times 4}{100}$
= Rs. $28,200$
Total amount Mr. Madhur will get = 58750 + 28200
= Rs. 86,950
0
CCommunity
Solution
Principal amount = Rs. 58,750
Rate of interest = 12% and time period = 4 years
Simple interest = $\frac{58750 \times 12 \times 4}{100}$
= Rs. $28,200$
Total amount Mr. Madhur will get = 58750 + 28200
= Rs. 86,950
Principal amount = Rs. 58,750
Rate of interest = 12% and time period = 4 years
Simple interest = $\frac{58750 \times 12 \times 4}{100}$
= Rs. $28,200$
Total amount Mr. Madhur will get = 58750 + 28200
= Rs. 86,950